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.
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.
Popular crypto analyst Il Capo of Crypto has issued a cautionary outlook for the digital asset market, warning of deeper corrections ahead as macroeconomic pressures return to the spotlight.
As Bitcoin briefly slipped to $103,000 last week, Strategy—the largest corporate BTC holder—seized the opportunity to grow its reserve.
Bitcoin’s recent price dip has stirred fresh debate around its connection to global liquidity, with analysts highlighting the relationship between BTC’s trajectory and the expanding M2 money supply.
On-chain analyst Willy Woo is signaling a possible cooldown in Bitcoin’s trend, suggesting the asset could be heading into a prolonged consolidation phase if it doesn’t reclaim strength soon.