The CEO of J.P. Morgan this week called bitcoin a “fraud” and “worse than tulip bulbs.” If you agree, it may be tempting to bet against the digital currency. Sure, the price has taken a beating of late but it’s still up 400% from January ($3,850 as of Thursday) —offering an opportunity for bitcoin bears.
So how exactly do you short bitcoin? It’s not easy due to a lack of financial products (relative to other assets) and because some tactics are restricted to professional investors. That said, here are five approaches for bears to bet against the world’s most popular digital currency.
