{"id":71907,"date":"2022-12-24T14:02:06","date_gmt":"2022-12-24T12:02:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71907"},"modified":"2025-09-08T11:49:26","modified_gmt":"2025-09-08T08:49:26","slug":"bobby-lee-forecasts-continuation-of-bear-market-over-the-next-two-years","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bobby-lee-forecasts-continuation-of-bear-market-over-the-next-two-years\/","title":{"rendered":"Bobby Lee forecasts continuation of bear market over the next two years"},"content":{"rendered":"<p>Bobby Lee, co-founder and former CEO of BTCC, told CNBC that the cryptocurrency bull market could return by early 2025.<\/p>\n<figure class=\\\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\\n<iframe loading=\\\"lazy\\\" title=\\\"Crypto bull market will probably return by early 2025, says crypto storage company\\\" width=\\\"500\\\" height=\\\"281\\\" src=\\\"https:\/\/www.youtube.com\/embed\/pdbwiT3aK_s?feature=oembed\\\" frameborder=\\\"0\\\" allow=\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\\" referrerpolicy=\\\"strict-origin-when-cross-origin\\\" allowfullscreen><\/iframe>\\n<\/div>\n<\/figure>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;I think it will be quite bearish in the next year or two. I forecast the return of the bull market in two years. Time will tell. It is hard to say exactly when this bear market will hit bottom,\\&#8221; he said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>According to Lee, Bitcoin remains &#8216;relatively resilient&#8217;, having fallen 10-20% while altcoins have slid 50%.<\/p>\n<p>\\n\\n<\/p>\n<p>The expert argues that restoring trust in the digital-asset industry requires tougher regulation of companies in the sector, particularly those offering custody services.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;I&#8217;ve always been in favour of greater regulation in the crypto markets. For clarity, I&#8217;m talking about regulation of the companies, not the asset itself, because it is inert. It&#8217;s a commodity just like gold and silver. No regulation can alter the chemical composition of gold or silver. The same with Bitcoin,\\&#8221; he explained.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Earlier, former BitMEX CEO Arthur Hayes said that Bitcoin had reached the <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-says-bitcoin-has-bottomed\">minimum of the current cycle<\/a>. In his view, all &#8216;irresponsible organisations&#8217; have run out of BTC to sell.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, Galaxy Digital founder Mike Novogratz <a href=\"https:\/\/forklog.com\/en\/news\/mike-novogratz-reiterates-forecast-that-bitcoin-will-reach-500000\">reiterated his forecast for Bitcoin&#8217;s rise<\/a> to the $500,000 mark. He said the asset would require more than five years to reach the target due to significant macroeconomic changes.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bobby Lee, co-founder and former CEO of BTCC, told CNBC that the cryptocurrency bull market could return by early 2025.<\/p>\n","protected":false},"author":1,"featured_media":71908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[743,1146],"class_list":["post-71907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bobby-lee","tag-cryptocurrency-market-forecasts"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=71907"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71907\/revisions"}],"predecessor-version":[{"id":71909,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71907\/revisions\/71909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/71908"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=71907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=71907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=71907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}