On 22 December 2022, crypto entrepreneur\u00a0Bobby Lee, who is the brother of Litecoin creator Charlie Lee, shared his thoughts on the crypto market.<\/p>\n
Lee told CNBC:<\/p>\n
\u201cI think it\u2019s going to be pretty bearish for the next year or two.<\/em>.. Personally, I predict the bull market will come back in probably two years\u2019 time. Certainly, by late 2024, it will be two years from right now, and certainly by early 2025.<\/em>.. But time will tell. It\u2019s hard to pin down exactly when this bear market will bottom out.<\/em>..<\/p>\n \u201cWe\u2019re definitely in the bear market after the FTX collapse last month. All of crypto has really come down a lot. Bitcoin has held itself relatively steady.<\/em>.. It only has come down to 10-20% and the rest of crypto has gone down 50%. A lot of the crypto tokens have gone down much much lower.<\/em>\u201c<\/p>\n https:\/\/youtube.com\/watch?v=pdbwiT3aK_s%3Ffeature%3Doembed<\/p>\n According to a\u00a0report\u00a0by The Daily Hodl, during an\u00a0interview\u00a0with Rishaad Salamat and David Ingles on \u201cBloomberg Markets: Asia\u201d on 21 November 2022, Lee had this to say about Bitcoin:<\/p>\n