.bobbyclee sees Bitcoin bouncing back after a long downturn and is optimistic about crypto's future as the U.S. and Hong Kong embrace regulation
Lee sees the crypto market finally breaking through the clouds of a prolonged downturn after weathering a yearlong bear market that pulled Bitcoin's value to a low of $16,000.founder pointed out that the digital currency is now recovering and regaining momentum, telling Bloomberg,"It's been a long time. So, crypto has these four-year cycles...and now we've almost recovered a little bit. So, it's quite exciting.
Lee further argued that cryptocurrency should be considered a financial safe haven compared to traditional fiat money. He explained,"During the banking crisis, people started to realize that when their money is not in the bank, it's not always there necessarily because the money is being lent out to other businesses or the firms.
Lee also expressed enthusiasm about Hong Kong's embrace of cryptocurrency regulation, highlighting the global shift toward greater acceptance and oversight of digital currencies."I'm also very excited about the regulatory embrace of crypto in Hong Kong," he remarked. As the crypto market finds its footing and regulatory frameworks advance, the future of Bitcoin and other cryptocurrencies appears to be on a steady upward trajectory.
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