Just saw Michael Burry is out with another market warning, this time about bitcoin potentially triggering a major precious metals selloff. For those who don't know, this is the same guy who made an absolute fortune calling the 2008 housing collapse before everyone else caught on.

The thesis here is interesting - he's suggesting that if bitcoin takes a significant hit, it could cascade into gold and silver positions unwinding. The correlation angle makes sense given how macro traders position these assets.

What's worth paying attention to is Burry's track record. The guy has consistently made serious money by spotting market dislocations before they become obvious. His Big Short play made him hundreds of millions when most of Wall Street was still partying. So when he flags something like this, it's worth at least considering what he's seeing.

The question becomes whether his warning actually plays out or if he's just being cautious again. Either way, the fact that someone with his pedigree - someone who genuinely knows how to make money in markets - is watching the bitcoin-precious metals relationship closely tells you something about where institutional attention is right now.

If you're holding either asset, might be worth thinking about Burry's scenario and what it means for your positions. These kinds of correlation breakdowns can move fast once they start.