In the current bear market for Bitcoin, economist Alasdair Macleod has shared his opinion that shorting could be the most profitable strategy.
Economist's Opinion
Alasdair Macleod, a seasoned economist, expressed that shorting Bitcoin might be the most profitable way to navigate the ongoing bearish market. He noted that this strategy deserves attention from traders.
Bitcoin Community's Reaction
MacLeod's opinion provoked a lively reaction among Bitcoin community members. Some began encouraging him to act on this advice. For instance, one user stated, 'I strongly encourage you to follow through with this suggestion with extreme size and leverage.'
Criticism of Bitcoin
Alasdair Macleod, who started his career as a stockbroker at the London Stock Exchange in 1970, has long been critical of Bitcoin. In 2023, he described it as 'an outlet for speculation.'
MacLeod's judgment on shorting positions, despite his criticism of Bitcoin, highlights the ongoing discussion about the future prospects of this cryptocurrency in an unstable market.
