A debate has widened over the real disposal value of Strategy\'s 762,099 bitcoin, valued at about $51.5 billion on paper. Some argue a large-scale sale would hit liquidity limits and recover no more than $20 billion, while others say the cost to acquire the same amount in the open market could exceed $50 billion and possibly reach $100 billion due to slippage. Analysts also cite conflicting mNAV metrics and differing views on dilution.

Michael Burry, the investor featured in the film \'The Big Short\', warns of a financial collapse scenario stemming from a bitcoin plunge. He says a continuing decline could set off major corporate losses, forced liquidations and a wave of bankruptcies among crypto miners. Burry outlines three potential outcomes tied to bitcoin falling below $70,000, then to $60,000 and $50,000, and says the shock could also hit gold and silver futures markets.