Category: short bitcoin

Billionaire John Paulson Warns Cryptocurrencies Will Be Worthless, Bitcoin Too Volatile To Short

Billionaire hedge fund manager John Paulson, famed for making a fortune betting against the U.S. housing market, says that cryptocurrencies are a bubble that will prove to be “worthless.” While…

Incoming Squeeze? Bitcoin Shorts On Bitfinex Spike, BTC Long Positions Tap Fresh New Highs

The entire market capitalization of all 10,800 cryptocurrencies in existence is down 2.8% on Monday as bitcoin has lost over 2.4% during the last 24 hours. Meanwhile, bitcoin shorts are…

Analyst Expects Bitcoin To ‘Grind Down’ To $15K, With A ‘Periodic Dead Cat Bounce’ Along The Way

An analyst from the biotech consulting group Biotechvalley Insights believes after bitcoin lost 53% from the crypto asset’s all-time high, “the party is clearly over.” The biotech consulting group analyst…