.bobbyclee does not expect another bull market to happen anytime soon
The crypto bear market is showing no signs of slowing down following the collapse of FTX last month, Lee claims. The sentiment on the cryptocurrency market has shifted to caution due to a lack of regulation that are not robust enough to protect from fraud and scams.
Bobby predicts this bear market will persist into early 2025 before the crypto industry experiences another substantial bull market run. Although Bitcoin advertises itself as decentralized, trust is still an important factor when relying on exchanges, custodial services, etc. Lee believes that regulations are necessary in order to increase consumer protection and restore trust in the crypto markets.
It is unclear if new regulations proposed by governments can turn the tide of the current bear market, but they will provide protection to those participating in the digital currency landscape, Lee says.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crowdfunding gets leg up from Lightning Addresses on BitcoinA new type of Bitcoin address called 'Lightning Address' has been introduced to the Bitcoin community.
Read more »
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG – Mining Bitcoin NewsThe bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG.
Read more »
Bitcoin mining report: Stocks mixed as bitcoin ralliesHere's how crypto mining companies performed on Tuesday, Dec. 20.
Read more »
Built on Bitcoin in 2022: Top Bitcoin Newsletter Publishes Its Year-End ReviewA deliberately measured progression in development with at least three major themes are the conclusions of the Bitcoin Operations Technology Group.
Read more »
Lawyer Behind Very First Bitcoin ETF Attempt Passes AwayKathleen Moriarty was among those who worked on the very first spot Bitcoin ETF filing
Read more »
Millie Bobby Brown's Enola Holmes 2 Kiss Story Sparks CriticismMillie Bobby Brown, star of EnolaHolmes2, has sparked controversy after admitting to kissing her co-star without warning and punching him on-set.
Read more »