It’s time to short bitcoin

Matthew Partridge explains why, after a tumultuous few weeks for bitcoin, it's time to start selling the cryptocurrency.

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It's been a tumultuous few months for those speculating on bitcoin. To recap, we first suggested that bitcoin was overvalued when it was just below $5,000 a coin in mid-October (though we suggested that you wait until it fell before shorting it). We repeated this advice a fortnight later, and then again last month. Now, our bearish stance seems to have been vindicated. The cryptocurrency has fallen from a peak of more than $19,000 a month ago to just above $10,000 a fall of around 45% in just a few weeks.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri