Ballet CEO Addresses Failed $100k Bitcoin Prediction

Story: Jai Pratap

In an interview with CNBC, Ballet CEO Bobby Lee predicted when the next bull market run will arrive.

Bitcoin enthusiast Bobby Lee predicted that he expects the bull market to return by early 2025.

When asked where he sees prices going from here, Lee replied that the market is going to remain bearish for at least a year or two.

Lee said that in order to repair the crypto industry, regulators need to take a deep dive in and see why crypto firms need more regulations.

Lee opined that crypto custodial companies need more strict regulations going forward.

Ballet CEO pointed out how bitcoin is only down 20% since FTX collapse while the rest of the crypto is down nearly 50%.

Bobby Lee had predicted that bitcoin will reach $100,000 by the end of 2022.