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# DeathSpiral
260
BasheerAlgundubi
⚠️ #خبرٌ.صادم
When Michael Burry, the man who predicted the 2008 collapse when the world was "celebrating and dancing," speaks, we must stop and listen.
Today, his warning is not just a "prediction of a downturn"; he's warning of a terrifying scenario he calls the "Death Spiral" (#DeathSpiral ).
What’s the news in brief? The problem isn’t #البيتكوين as a "technology"; the problem is "leverage and debt." Giant companies have mortgaged their futures to buy billions. If the price drops below a certain level ( and Michael Burry says we’re close to it ), these companies will drown in losses
View OriginalWhen Michael Burry, the man who predicted the 2008 collapse when the world was "celebrating and dancing," speaks, we must stop and listen.
Today, his warning is not just a "prediction of a downturn"; he's warning of a terrifying scenario he calls the "Death Spiral" (#DeathSpiral ).
What’s the news in brief? The problem isn’t #البيتكوين as a "technology"; the problem is "leverage and debt." Giant companies have mortgaged their futures to buy billions. If the price drops below a certain level ( and Michael Burry says we’re close to it ), these companies will drown in losses
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BasheerAlgundubi:
If this scenario occurs, I will choose the cryptocurrencies worth buying and add them to my investment portfolio 🦅:Load More
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