Bitcoin bear Market to End by 2025: Bobby Lee

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Cryptocurrency veteran Bobby Lee is predicting the conclusion of the bear market for cryptocurrencies like Bitcoin (BTC) while cautioning investors that it might take years.

"I think it's going to be fairly gloomy for the next year or two," says Lee in a recent CNBC interview.

According to Lee, the bull market will likely return in two years. It will be two years from now in late 2024, and it will be early 2025 in any case.

After the collapse of the FTX market, Lee claims that Bitcoin has fared better than other crypto assets.