Economist Calls Shorting Bitcoin the Best Market Strategy at the Moment

Economist Alasdair Macleod recently stirred up the Bitcoin community by suggesting that betting against the cryptocurrency is the best strategy during the current bear market.

According to Macleod, shorting Bitcoin offers the most lucrative opportunity amid ongoing market challenges.

This bold stance has sparked reactions from crypto enthusiasts, with some urging Macleod to put his own advice into action.

One commenter even suggested he take a substantial position with significant leverage, reflecting the strong divide of opinions within the community.

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Macleod, a veteran in the financial world who began his career on the London Stock Exchange in 1970, has consistently expressed skepticism about Bitcoin.

In 2023, he dismissed it as merely a speculative outlet, emphasizing his preference for traditional assets like gold.

Meanwhile, Mike McGlone, a senior commodity strategist at Bloomberg, has also voiced a grim outlook, suggesting that Bitcoin’s value could decrease significantly — possibly by losing a zero.

These contrasting perspectives highlight the ongoing debate about Bitcoin’s future amid market uncertainty.

Alexander Stefanov