Here’s what could trigger Bitcoin and Ethereum’s surge to all-time highs, according to crypto veteran Bobby Lee
Cryptocurrency veteran Bobby Lee says he remains bullish on Bitcoin (BTC), 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 all-time highs recorded in November 2021.
The crypto veteran says the upgrade, which will power Ethereum’s transition from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) one, will serve as a catalyst that will power the two crypto assets back to their record highs.
“I am very bullish on bitcoin and cryptocurrency. It’s just that I think the last time I was on the show I was concerned 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 a bear market might be premature. We will see. Right.
If the bear market doesn’t materialize, you could easily see Bitcoin and Ethereum rally back to their previous highs, especially with this upcoming Ethereum upgrade. 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 thing of a year or two. And just to set the stage for a great new super rally in the years to come.”
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