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Shorting Bitcoin Will Be Best Bear Market Play, Veteran Economist Says
In a recent statement that has riled up many members of the Bitcoin community, veteran economist John Macleod has suggested shorting Bitcoin would be the best bear market play. His comments have sparked controversy and debate among cryptocurrency enthusiasts.
Macleod’s remarks come as the price of Bitcoin continues to fall, causing widespread panic in the market. Many investors are now questioning whether this downturn marks the beginning of a new bear market.
In his initial statement, Macleod warned that if he were a trader, he would be shorting Bitcoin with extreme size and leverage. His words have since been echoed by some members of the community, who are urging others to follow suit.
The economist’s take on Bitcoin has not gone unnoticed, and many are now reacting strongly to his statement. Some users in the cryptocurrency space have taken to social media platforms like Twitter to voice their disapproval.
However, Macleod’s comments have also sparked a lively debate about whether or not he is correct in his assessment of the market.
As more news comes out on this developing story, we will continue to monitor and provide updates as necessary.
Source: https://u.today/shorting-bitcoin-will-be-best-bear-market-play-veteran-economist-says
