BlockBeat reported that BTC OG Garrett Jin issued a strong warning to the market ahead of Bitcoin's breakthrough of $83,000. Jin characterized the current ceasefire between the US and Iran as a disguised peace, analyzing that massive financial risks are accumulating beneath the surface. Despite strong performances from Apple and AMD and Bitcoin's upward trend, 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 late May or the July earnings season would be the market's true 'day of reckoning'.
