Bitcoin Veteran Bobby Lee Predicts When The Crypto Bull Market Will Return Here’s His Timeline

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Cryptocurrency veteran Bobby Lee predicts when the crypto and bitcoin (BTC) bear market could end, warning traders that it could take years.

In a new CNBC interview, Lee says the crypto market will remain bearish for the foreseeable future before a reversal in about 24 months.

“I think it’s going to be pretty bearish for the next year or two.

Personally, I predict that the bull market will probably return in two years. Admittedly, the end of 2024 will be two years from now, and certainly the beginning of 2025.

But time will tell. It is difficult to determine exactly when this bear market will bottom out.

According to Lee, Bitcoin fared relatively better compared to other crypto assets after the FTX exchange implosion.

Were definitely in the bear market after FTX collapsed last month. All of crypto has really gone down a lot. Bitcoin has remained relatively stable.

It only went down to 10-20% and the rest of the crypto was down 50%. Many crypto tokens have fallen much lower.

To regain trust in the digital asset industry, the Bitcoinveteran says more regulation is needed for crypto companies, but not for cryptocurrencies.

“I am always a proponent of increased regulation in the crypto market. Just to be clear, I am 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 is just what it is. It is a commodity like gold and silver.

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

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

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