In an interview with Bloomberg, Lee says that if the predictions for a extreme crypto winter fail to materialize, Bitcoin and Ethereum will simply return to their all-time highs recorded in November of 2021.
The crypto veteran says that the improve that may see Ethereum transition from a proof-of-work (PoW) consensus mechanism to proof of stake (PoS) will function the catalyst that may see the 2 crypto belongings rally again to their document highs.
“I’m very bullish on Bitcoin and cryptocurrency. It’s simply that I feel final time I used to be on the present I used to be nervous in regards to the value. Within the brief time period, there was a value correction. And in comparison with then, Bitcoin and Ethereum have each come up greater than 20% in value. And I feel I feel the decision for bear market that is likely to be untimely. We’ll see. Proper.
If the bear market doesn’t materialize, you may simply see Bitcoin and Ethereum return up in direction of their earlier highs, particularly with this upcoming improve for Ethereum. This is essential for the cryptocurrency ecosystem. Everybody’s anticipating it.
Then again, if there actually is a bear market, I feel that’s a short-term one to two-year affair. And that’s simply to set the stage for an enormous new tremendous rally within the coming years.”
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