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That Could Take Bitcoin and Ethereum to All-Time Highs, According to Crypto Veteran Bobby Lee

Cryptocurrency veteran Bobby Lee says he remains bullish on Bitcoin (BTC) is, Ethereum (ETH) and the broader crypto market despite the recent downturn.
In an interview with Bloomberg, Lee says that if predictions for a severe crypto winter don’t materialize, Bitcoin and Ethereum will easily return to their November 2021 all-time highs.

The crypto veteran says the upgrade that will see the Ethereum transition from a proof-of-work (PoW)-consensus mechanism to a Proof-of-Stake (PoS) will serve as the catalyst that sends the two cryptoassets back to their all-time highs.

“I am very bullish on bitcoin and cryptocurrencies. It’s just that I think the last time I was on the show I was worried about the price. There was a short-term price correction. And compared to back then, Bitcoin and Ethereum are both up more than 20% in price. And I think, I think the call for one bear market could be premature. We will see. Right.

If the bear market doesn’t materialize, it could easily see Bitcoin and Ethereum rally back towards their previous highs, especially with Ethereum’s upgrade looming. This is very important for the cryptocurrency ecosystem. Everyone expects it.

On the other hand, if there really is a bear market, I think that’s a short-term one to two year thing. And that’s just to set the stage for a great new super rally for years to come.


Image shown: Shutterstock/TadashiArt

Source: Crypto News Deutsch

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