Why is this famous Polish trader short on Bitcoin?

Recently, the Polish businessman Raffaello Czarski once again caused a lot of controversy on the X (Twitter) social media platform. Zaorski believes Bitcoin's (BTC) recent price movements are probably not the beginning of a bull market. Hence, the investor expects further declines in the coming months.

A few years ago, Rafaorski was known as the “chief speculator” in Poland. How did he achieve this? He clearly showed how to make millions in the financial market. It has both loyal supporters and critics in the Polish business community.

Rafał Zaorski Brief on Bitcoin

The Polish crypto community became very active when one of the most influential Polish traders in the cryptocurrency market, Raffał Zaorski, released his opinion on Bitcoin on the X forum. Over the past few days, the eyes of digital asset enthusiasts have focused primarily on the Bitcoin spot ETF. Many market observers believe that the recent increase to $35,000 is due to positive ETF decisions.

But Rafał Zaorski has a different opinion in this regard and opens a short position. Therefore, the Polish stock trader predicts that the price of Bitcoin will decrease. Moreover, he believes that it will happen soon. He suggests that this will happen in the near future and intends to review the decision in more than two months.

Read more: How to Shorten Bitcoin: A Step-by-Step Guide

Shortly after the controversial post about Bitcoin ended, Zaorski shared another comment that further sparked the discussion among the crypto community.

Don't delete my comments on the last post #short on #bitcoin 33800 #btc … because I want to laugh at the “specialists” on the weekend, he wrote.

Users will definitely remember Zarskin's predictions and follow the price of digital gold. It is worth remembering that in April of this year, one stock forecaster predicted that USD/PLN would fall to PLN 4 by the end of the year. Currently, however, the Polish zloty has been oscillating around its value since the beginning of the second quarter.

Do Polish crypto influencers have a different view of Bitcoin value than Czarski? Some actually do.

Phil Konieczny believes in cycling.

Phil Konieczny is bullish on the X platform as Bitcoin crosses $30,000. According to Koniechny, the key to understanding the current situation is that “the market remains cyclical.” This proves that the crypto world is still following some patterns and trends seen before.

Read more: Bitcoin Half Cycles and Investment Strategies: What You Need to Know

Additionally, Koniecny emphasized that the next half is only 185 days away, i.e., supply cuts. Is this one of the keys to future growth?

In the past, the price of the cryptocurrency has steadily increased after each such supply limitation. Konieczny also points out that in the long term, Bitcoin, since its low values, looks much better than many other cryptocurrencies (altcoins). Although we can see rapid jumps in the price of Bitcoin in the short term, its growth is still impressive compared to other cryptocurrencies.

In the last entry, the Polish crypto expert stated that greed does not pay in the market and finding the lowest low is a big challenge. He presented his opinion on this matter as follows.

I am writing this article to let those greedy people know that waiting for 8, 10 or 12k is not worth it. This is said to be cyclical, temporary and percentage reduction. The day after it started growing. Many people have criticized me, some have already deleted their comments. So I have a question. Still waiting for 10k?

Read more: What is the Crypto Fear and Greed Index?

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For BeInCrypto's latest Bitcoin (BTC) analysis, click here.