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home / news releases / ETHE - Why I Am Shorting The Bitcoin Bubble Now


ETHE - Why I Am Shorting The Bitcoin Bubble Now

  • Bitcoin failed to deliver its promises during the last 12 years of existence. As a result, Bitcoin still has no "use-case" and is purely used as a medium of speculation.
  • Bitcoin is driven by media hype and retail momentum; at this point, Bitcoin has exhausted major catalysts, which is problematic for Bitcoin's momentum moving forward.
  • Bitcoin has underperformed compared to other cryptocurrencies, and that doesn't bode well for its momentum. Other cryptocurrencies (Ethereum, dogecoin) may take over Bitcoin's thunder.
  • Governments worldwide started implementing drastic measures to stymie Bitcoin adoption, and Bitcoin may fall victim to its own success. The higher it goes, the riskier it gets.
  • Shorting the bitcoin bubble could be like shorting the banks in 2008; it could be the most profitable trade of the decade.

For further details see:

Why I Am Shorting The Bitcoin Bubble Now
Stock Information

Company Name: Grayscale Ethereum Trust (ETH) - Units
Stock Symbol: ETHE
Market: OTC

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