Veteran economist Alasdair Macleod has opined that shorting Bitcoin is the most profitable way to navigate this bear market.
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The bearish take has riled up many members of the Bitcoin community. Some of them have started encouraging Macleod to follow through on his piece of advice.
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"Strongly encourage you to follow through with this suggestion with extreme size and leverage," one user said.
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Macleod, who started his career as a stockbroker at the London Stock Exchange in 1970, has long been a critic of Bitcoin. Back in 2023, the gold bug described it as "an outlet for speculation."
Meanwhile, Mike McGlone, Bloomberg's senior commodity strategist, has predicted Bitcoin could end up losing a zero.
Vladislav Sopov
U.Today Editorial Team