Home Markets Here’s What Could Trigger Bitcoin and Ethereum to Surge to All-Time Highs, According to Crypto Veteran Bobby Lee

Here’s What Could Trigger Bitcoin and Ethereum to Surge to All-Time Highs, According to Crypto Veteran Bobby Lee

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Here’s What Could Trigger Bitcoin and Ethereum to Surge to All-Time Highs, According to Crypto Veteran Bobby Lee

Cryptocurrency veteran Bobby Lee says he remains bullish on Bitcoin (BTC), Etherum (ETH) and the broader crypto market despite the recent downturn.

In an interview with Bloomberg, Lee said that if predictions of a severe crypto winter do not materialize, Bitcoin and Ethereum will easily return to their all-time highs recorded in November 2021.

The crypto veteran says the upgrade that will see Ethereum move from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) will serve as a catalyst that will see both crypto assets return to their all-time highs.

“I’m very bullish on Bitcoin and cryptocurrency. It’s just that I think the last time I was on the show I was worried about the price. In the short term, there was a price correction. And relative to that time, both Bitcoin and Ethereum are up more than 20% in price. And I think I think the call for a bear market might be premature. We’ll see. Right.

If the bear market does not materialize, you could easily see Bitcoin and Ethereum rally back to their previous highs, especially with this upcoming update for Ethereum. This is very important for the cryptocurrency ecosystem. Everyone anticipates it.

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

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Featured Image: Shutterstock/TadashiArt

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