Big Short prototype Burry says that if BTC continues to plummet, it will trigger a chain reaction causing precious metals to also crash, because many wealthy individuals and institutions in the US have allocated cryptocurrencies in their asset portfolios, then sell gold and silver to cover positions and offset crypto losses. I have 50% of my holdings in gold, with a bit of low leverage at an approximate cost of around 3500. Gold probably won't drop to this level, right?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Big Short prototype Burry says that if BTC continues to plummet, it will trigger a chain reaction causing precious metals to also crash, because many wealthy individuals and institutions in the US have allocated cryptocurrencies in their asset portfolios, then sell gold and silver to cover positions and offset crypto losses. I have 50% of my holdings in gold, with a bit of low leverage at an approximate cost of around 3500. Gold probably won't drop to this level, right?