That dude from The Big Short says crypto experienced a 'collateral death spiral' as bitcoin hits a 16-month low, while other analysts predict worse to come

An image of a fake Bitcoin with a laptop in the background displaying financial data.

I'm writing about cryptocurrency again, which means bitcoin's either gone massively up in value, or it's in the middle of a, err, "significant downturn."

Well whaddaya know, it's the latter. The world's most headline-friendly cryptocurrency dropped in value below $70,000 per coin on Thursday for the first time since 2024, with its losses overall this year totalling more than 20 percent. The reasons why are complicated, but famous hedge fund manager Michael Burry has some ideas.