Richard Farr, chief market strategist and partner at Pivotus Partners, has issued a stark prediction for Bitcoin (BTC-USD), setting a price target of zero for the cryptocurrency. Our BTC price target is 0.0. That’s not just for shock factor. Michael Burry warns of a ‘death spiral’.
Burry considers Bitcoin a completely speculative asset, not a debasement hedge like gold or silver, and warns it is exposed to potential ‘death spiral’ risks with high market correlations and organizational threats to companies like MSTR. Farr believes Bitcoin cannot serve as a dollar hedge, lacks institutional adoption, has inefficient transactions, significant environmental impact, and is seen as purely speculative and highly correlated with traditional markets. Further declines could bankrupt Bitcoin miners, disrupt tokenized metals markets, force massive liquidation of precious metals, threaten capital for Bitcoin-heavy firms, and amplify volatility across digital asset and related equity ETFs. Richard Farr, Pivotus Partners’ chief market strategist, has issued a stark forecast for Bitcoin (BTC-USD), setting a price target of zero for the cryptocurrency.
“Our BTC price target is 0.0,” Farr said, noting that the figure is not just for shock value. Michael Burry has warned of a potential ‘death spiral’ for Bitcoin, describing it as a completely speculative asset rather than a debasement hedge like gold or silver. The warnings emphasize Bitcoin’s high market correlations and potential threats to related firms such as MSTR. Farr believes Bitcoin cannot serve as a dollar hedge, lacking institutional adoption, has inefficient transactions, significant environmental impact, and is seen as purely speculative and highly correlated with traditional markets.
Further declines could bankrupt Bitcoin miners, disrupt tokenized metals markets, force massive liquidation of precious metals, threaten capital for Bitcoin-heavy firms, and amplify volatility across digital assets and related equity ETFs. Richard Farr, Pivotus Partners’ chief market strategist, forecasted a price target of zero for Bitcoin (BTC-USD), stating, ‘Our BTC price target is 0.0.’ The warning accompanies Michael Burry’s caution of a potential ‘death spiral,’ arguing Bitcoin is a highly speculative asset rather than a hedge against inflation or currency debasement. The discourse stresses Bitcoin’s high correlations with traditional markets and potential risks to investors and related firms such as MSTR.
Farr contends Bitcoin cannot function as a dollar hedge, citing limited institutional adoption, transaction inefficiencies, environmental concerns, and its purely speculative character. Taken together with Burry’s factors, the narrative underlines Bitcoin’s sensitivity to broader market moves. Further declines could threaten Bitcoin miners, disrupt tokenized metals markets, trigger heavy metal liquidations, pressure capital for Bitcoin-heavy firms, and amplify volatility across digital assets and related equity ETFs. The forecasts add to the ongoing debate over Bitcoin’s role in portfolios and the resilience of crypto-related equities amid macro uncertainty.
While some view Bitcoin as a speculative risk, others consider its potential reactions to policy shifts and capital flows. The discussion underscores the importance of assessing risk exposure given Bitcoin’s price dynamics and sector-linked volatility.
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