Bitcoin

Crypto Veteran Bobby Lee Predicts When Bitcoin Bear Market Would End. Here’s His Timeline

Crypto veteran Bobby Lee has predicted when the current cryptocurrency and Bitcoin bear market would come to an end.

In a new interview with CNBC, Lee said crypto and Bitcoin (BTC) may stay bearish for the next one or two years.

Read Also: Top Crypto Analyst Pinpoints What Could Signal Reversal of Bitcoin (BTC) Into Next Bull Market

According to the veteran crypto pundit, Bitcoin fared better compared to other digital assets after the market downturn initiated by the FTX exchange.

Lee added further that more regulation is needed for crypto-related firms to regain trust and confidence in the nascent industry.

Bobby Lee noted:

I think it’s going to be pretty bearish for the next year or two. Personally, I predict the bull market will come back in probably two years’ time. Certainly, by late 2024, it will be two years from right now, and certainly by early 2025. But time will tell. It’s hard to pin down exactly when this bear market will bottom out.,,

“We’re definitely in the bear market after the FTX collapse last month. All of crypto has really come down a lot. Bitcoin has held itself relatively steady.

“It only has come down to 10-20% and the rest of crypto has gone down 50%. A lot of the crypto tokens have gone down much much lower…

Read Also: Investment Behemoth Says Bitcoin May Retest $10,000 before Skyrocketing By Over 200%. Here’s the Timeline

“I’m always a proponent of more regulation in the crypto market again. Just to be clear, I’m talking about the regulation of companies around the cryptocurrency market and not the regulation of the asset itself because the asset itself is inert. It’s just what it is. It is a commodity just like gold and silver.

“No amount of regulation can change the chemical composition of gold or silver. And same thing, no amount of regulation can change the composition of Bitcoin itself.

“However, what we can regulate and we should regulate are the companies that do business with cryptocurrency especially those that do custodial services or store cryptocurrency for other people.”


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Ripple CLO: The Case Is Not about Whether XRP Is A Security

Ripple's legal journey continues as the company moves forward with its cross-appeal in the ongoing…

24 mins ago

The Q3 Kings: Triple Digit Growth Recorded: SUI, GOAT, And This Incentive Stacked Altcoin

Though Q3 was negative for many cryptocurrencies, a few standout tokens have done remarkably well.…

41 mins ago

Analyst Says “Last Chance To Buy XRP” As It Could Soon Break

A significant technical pattern is developing on XRP’s chart, according to cryptocurrency analyst Cryptobilbuwoo0, who…

1 hour ago

Ripple CEO: “There’s Gonna be a New SEC Chair”

Fox Business journalist Eleanor Terrett recently shared a conversation between Ripple CEO Brad Garlinghouse and…

2 hours ago

Shiba Inu Price Eyes 5,000% Rally This Bull Cycle, But This Altcoin Is Even Better With Its 17,000% ROI Potential

The crypto market is rife with news of the Shiba Inu price rallying up to…

6 hours ago

XRP Price On Its Way To $6, Analyst Says, But This Altcoin Is Like Buying Bitcoin In 2009

In the past few weeks, the XRP price has been on an upward trajectory, piquing…

11 hours ago