Burry’s SHOCKING Analysis | Bitcoin WILL GO TO 0

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October 31st, 2008. In a dark unknown corner of the internet, a link to a paper authored by a man named Satoshi Nakamoto is suddenly posted to a cryptography mailing list. 2 months later on January 3rd, 2009, the bitcoin network is created when the unknown Nakomoto mines the starting block of the chain, better known as the genesis block. Embedded inside is a line that reads “The Times, 03/Jan/2009 Chancellor on brink of second bailout for banks” This is a reference to a headline published by a British newspaper, while some view it as timestamp others see it as a critique of the fraction-reserve banking system.

Either way, this magical piece of code goes from being worthless to a trillion-dollar asset in just over 10 years. Nakamoto shortly after disappeared and was never heard from again, it is believed that during the first seven months of bitcoins existence, Satoshi mined as many as 1.1 million Bitcoin, this fortune now worth in excess of 30 billion dollars remains untouched to this day. In this video, we examine Michael Burry's tweets regarding Bitcoin and crypto.
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