RATE Group | I Would Short Ether Before Bitcoin, Says Citron’s Andrew Left
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I Would Short Ether Before Bitcoin, Says Citron’s Andrew Left

02 May I Would Short Ether Before Bitcoin, Says Citron’s Andrew Left

Posted at 09:00h in Bitcoin News by

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“I’d rather short ether.”

Andrew Left, the activist short-seller behind Citron Research, told CoinDesk on Tuesday that he thinks both bitcoin and ether, the cryptocurrency of the ethereum network, are “bubbles.” If he had to choose one, though, he’d bet on ether’s price to fall.

Left is known for writing explosive reports into companies like the Canadian pharmaceutical firm Valeant, arguing that investors should short them.

His comments came a day after he fired a Twitter broadside at Square, a payments company that has been adding support for bitcoin buying and selling. He declared that the company’s share price is likely to drop to $30, from just under $49 prior to the tweet.

“WallSt drunk on Bitcoin nonsense, SQ-Cash to BTC trading has been insignificant,” Left wrote.

Square is scheduled to report its latest earnings data on Wednesday, and if “they’ve earned nothing from crypto, don’t be surprised,” Left told CoinDesk.

Left has taken aim at other investments related to…

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