Bitcoin has recently fallen behind, and former IMF economists, macro traders, Mark Dow, once again publicly expressed their empty positions. According to external sources, he viewed the American businessman Grant Cardone, who had recently been a bitcoin station, as a signal of the height of the cycle and as an opportunity to criticize the long-standing marketing promotion of the encrypted market.

We'll see if we can get a top signal.

Dow on the social platform said that Cardone was endorsed for bitcoin, which was one of the signs at the top of the market. He added that investors should remember those who profit from the promotion of bitcoin.

Cardone, a prominent American businessman, has also received attention in connection with the “10X” brand and the project to raise funds to invest in apartments. Dow's latest statement continues his constant strong criticism of the TT and encryption industries.

Long-standing claim to zero bitcoin.

Earlier this year, Dow publicly expressed the wish that the encryption industry be “totally destroyed” in order to punish those who profit from misleading marketing. He was speaking out, hoping that bitcoin would fall to zero, and believed that the panic surrounding monetary policy and the “intergenerational wealth” commitment had been used to support the asset price.

In his view, bitcoin did not have intrinsic value and the current market narrative was therefore difficult to establish. This type of statement also continues to make him one of the contenders in the encrypted market.

It's been mentioned since 2017.

Dow received higher attention in financial markets after public disclosure of empty bitcoin in December 2017. At that time, bitcoin was approaching the height of the previous round of history. About a year later, he flattened his position near $3,200, and this experience also served as an important background for his empty position.

At the same time, however, it was mentioned that some commentators, in turn, were mocking Dow, arguing that he had tried many times over the years to judge the “final death” of Bitcoin, but had failed to do so.

  • In November 2019, Dow said bitcoin would slowly die.
  • Bitcoin has recently fallen behind, and he once again interprets the fall as a long-term turning signal.
  • The encryption community turns its historical rhetoric and questions its repeated miscalculation.

This has allowed the discussion to extend beyond price per se to market narratives, opinion leaders ' influence and whether public shouting lists will be seen as a signal at the top of the cycle. For market participants, these disputes reflect more than ever the widening of the gap between the two sides over the direction of the back market under the current Bitcoin fluctuations.