Senior analyst of the market Bobby Lee talked about being optimistic about the future of Bitcoin (BTC) and the recovery process in the industry.
Bobby Lee, founder and CEO of China-based crypto exchange BTCC, recently attended a Bloomberg TV show. in the program, after a long crypto winter spring days are coming and he said he was excited to see it.
Bitcoin in his speech 4 year halving cycles Drawing attention, Lee emphasized that the serious collapses experienced in 2022 are behind and the recovery is at a visible level.
It’s been a while. So, there are these four-year cycles in crypto, and now we’re starting to recover. So it’s pretty exciting.
Giving important answers to the question posed by the program host about the connection of the banking crisis and the rise of crypto money, Lee said that people are together with the latest crises. lost confidence in the global banking sector. suggested.
While implying that this loss of confidence led investors to safe havens such as Bitcoin, he stated that thanks to cryptocurrencies, everyone can become their own bank. Cryptocurrency storage with a cold wallet Reminding the importance of the traditional financial system at this point, Lee said that “antique” and that this feature of crypto matchless stated that.
During the banking crisis, people began to realize that their money was not always kept in the bank because the money was lent to other businesses or firms. At this point, people lost their trust in banks. Cryptocurrencies, on the other hand, offer everyone the opportunity to become their own bank, which is safer and you don’t have to hand over your money to third parties. This makes cryptocurrencies special.