Blockbeat reported that BTC OG Garret Jin issued a strong warning to the market ahead of Bitcoin's breakthrough of $83,000. Jin characterized the current US-Iran ceasefire as a disguised peace, analyzing that massive financial risks are accumulating beneath the surface. Despite the strong performance of Apple and AMD and the rise of Bitcoin, he pointed out that "cracks in the credit market have already begun," citing reasons such as ▲banks setting aside loan loss provisions ▲Warren Buffett's record-high cash reserves ▲Spirit Airlines' bankruptcy. He further advised investors to be vigilant, stating that the end of May or the July earnings season would be the market's true 'day of reckoning'.
