Bobby Lee: "The cryptocurrency market will return to growth in a year or even two" – Bits Media

In an interview with CNBC channel, an experienced cryptocurrency trader said, that the state of the cryptocurrency industry gives few reasons for hope for a bull's trend.

Bobby Lee (Bobby Lee) considers, that a large -scale growth of the market will have to wait a long time.

"Think, We will continue to fall more year or two. More likely, growth will have to wait until the end 2024 Or the beginning 2025 of the year. Of course, Time will show, Now it is very difficult to predict and talk about that, When Bitcoin reaches the bottom ", - Did he declared.

The analyst emphasized, that bitcoin shows itself much better than other assets against the background of the fall of the FTX cryptocurrency exchange. Many tokens have lost by 50% capitalization after the start of bankruptcy FTX, But Bitcoin himself fell only on 20%.

One of the “bull signals” should be a faith in the cryptocurrency market, and it can only come with quality regulation of the industry, The trader is sure:

“I always spoke in favor of more hard regulation. But, I emphasize, You need to regulate only cryptocurrency companies, not coins themselves, After all, the asset itself is inert. Cryptocurrencies are the same products, like gold and silver. No regulation will change the chemical composition of gold, As well as no regulators can change the essence of bitcoin. But we can and must regulate the companies, working with digital assets, Especially those, who provide caste -derogical services and store cryptocurrencies for other people ".

Previously, a similar point of view was expressed
Analyst Benjamin Cowen (Benjamin Cowen). According to him, Bitcoin will grow soon, However, the bull rally should wait only at the end of next year.