Michael Casey: Bitcoin Is the Biggest Big Short

Short-sellers, who make money when the price of a targeted financial instrument declines, aren’t always popular with corporate or government leaders. Those on the receiving end of contrarian bets against stocks or currencies tend to portray them as sharks undermining people striving to build, grow and create value.

This, if you’ll excuse the pun, is short-sighted. 

Short-selling is a necessary part of any functioning, efficient financial system. It provides liquidity, ensuring there’s a…

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