If Bitcoin Keeps Tanking, It Could Cause a “Death Spiral” for the Entire Economy
The major cryptocurrency Bitcoin has had an absolutely horrible start to the year. The digital token has plummeted almost 14 percent so far in 2026, and almost 40 percent since hitting all-time highs of well over $120,000 in October — its longest losing streak since 2018. It’s down almost three percent today alone.
It’s a wakeup call to anyone who made major investments in crypto betting on a more lenient and light-on-regulation market during president Donald Trump’s second term. The White House established its own “Strategic Bitcoin Reserve,” a stockpile made up of Bitcoin holdings mainly from seized assets, and Trump has enriched himself enormously with a series of crypto-related business moves.
To Michael Burry,…
