Table of Contents Cash App enables instant Bitcoin payments via USD conversion using the Lightning Network. New feature lets users pay in Bitcoin without holding it in their account. Cash App’s Bitcoin Map helps locate businesses accepting Bitcoin nearby. Stablecoin support allows global transactions with automatic USD conversion. Cash App aims for self-custody solutions, with plans for a Bitkey wallet in 2026.
Cash App has rolled out an update to enhance its cryptocurrency features, offering instant Bitcoin payments and stablecoin support. This update, part of Cash App’s broader push into crypto, is designed to make digital currencies more accessible for both users and merchants. Instant Bitcoin Payments for All Users One of the key features of the update is the ability for Cash App users to make Bitcoin payments at checkout, even if they do not hold any Bitcoin. This is made possible through a new feature called Bitcoin Payments with USD. Users can now pay in Bitcoin by having Cash App automatically convert their USD balance into Bitcoin for the transaction. The conversion happens via the Lightning Network, a technology designed to enable faster and cheaper Bitcoin transactions. This feature allows Cash App’s 58 million users to engage in Bitcoin payments without the need to manage or hold any Bitcoin in their accounts. Importantly, the new system does not impact users’ Bitcoin holdings or trigger taxable Bitcoin sales, a move that simplifies the process for casual users.
Bitcoin Map: Finding Bitcoin-Ready Businesses In addition to instant Bitcoin payments, Cash App has introduced the Bitcoin Map, a tool that helps users locate nearby businesses that accept Bitcoin. This feature allows users to directly pay for goods and services through the app, supporting local economies that accept digital currency. Along with Bitcoin updates, Cash App has expanded its offerings to include support for stablecoins. Users can now send and receive stablecoins globally, with incoming stablecoins automatically converted into US dollars. This feature aims to provide a more stable value for cross-border transactions, bridging traditional finance and decentralized digital money. Miles Suter, the head of Bitcoin at Block Inc., stated that Cash App is working toward making Bitcoin practical for both shoppers and merchants. In the long term, the company aims to provide self-custody options for users, allowing them to hold their digital assets independently. A new Bitkey wallet, along with an automatic transfer feature for self-custody, is expected to launch in 2026.
Michael Burry has exited public markets after placing a $9.2 million short position against the booming artificial intelligence sector. The “Big Short” investor reportedly executed a massive put option on Palantir, giving it the right to profit if the stock collapses. Market data shows his strike price sits far below the company’s current valuation, signaling a sharp downside expectation. His sudden deregistration on November 10 has fueled speculation about a broader warning for Silicon Valley. Burry’s Exit Follows $9.2M Bet Against AI Valuations Burry’s trade involves 50,000 put contracts against Palantir, reportedly positioning for a potential 2,600% return if the stock crashes. Data circulating online suggests he placed his strike price near $50, while Palantir trades above $180. According to commentary shared by market watchers, the position implies confidence in a deep correction across AI-linked equities.
Beyond Palantir, Burry’s outlook reportedly includes skepticism toward chipmaker NVIDIA, which he views as overleveraged on expensive infrastructure. Market reports describe NVIDIA’s spending spree on hardware as unsustainable, noting that its high-cost GPUs may become obsolete within three years. Meanwhile, accounting data cited by analysts claims that major AI firms may be masking over $170 billion in projected losses through extended depreciation schedules. Observers have drawn comparisons between current AI accounting and historic financial collapses such as Enron and subprime CDOs. According to data posted by Shanaka Anslem Perera, Burry views the ongoing AI buildout as “Silicon Valley’s bubble,” fueled by aggressive revenue assumptions and expensive infrastructure spending. In 2025 alone, Big Tech firms reportedly invested over $200 billion in AI infrastructure, while revenue growth remained below 20%.
Market Reactions and Burry’s Sudden Disappearance Following its latest regulatory filing, Burry deregistered its fund, effectively withdrawing from public disclosure obligations. This move mirrors his actions in 2008 when he retreated from the spotlight after shorting the housing market. The decision signals a personal exit from market management rather than a temporary pause. His departure coincides with record AI-driven stock performance, as tech shares surged more than 170% this year. Market participants now question whether his exit marks a broader inflection point or a personal retreat from public scrutiny. Palantir and NVIDIA have yet to comment on the reports, though online speculation about November 25 continues to circulate following Burry’s cryptic post.
The investor, known for his contrarian instincts, appears to have placed his final trade and stepped away entirely. While the AI sector remains bullish, Burry’s move underscores growing unease about valuation sustainability as tech spending outpaces earnings growth.