Bitcoin and cryptocurrency prices have swung wildly in recent months as the crypto market rebounded from a sharp sell-off (despite a serious JPMorgan bitcoin price warning).
The bitcoin price has dropped from almost $50,000 per bitcoin at the beginning of 2022, falling to lows of just over $30,000 last month before regaining ground. Ethereum, its rivals BNB, solana, and cardano as well as Ripple’s XRP have also seen extreme volatility as traders panic—though some remain convinced the crypto market will recover.
Now, amid a fresh bitcoin and crypto price crash sparked by the escalating situation in Ukraine, outspoken bitcoin and crypto bull Tom Lee has said he expects a portion of almost $100 trillion worth of wealth to eventually flow into crypto markets—citing the fast-changing regulatory landscape as a potential catalyst.
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The bitcoin price has lost momentum so far in 2022 but some expect it will eventually rebound even … [+]
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“If I had to say what’s the simplest way for a big step function to happen in crypto, it’s really getting existing generations of investors in the U.S., not new investors, to actually be willing to allocate to bitcoin,” Lee, head of research and managing partner at crypto-focused independent research boutique Fundstrat Global Advisors, told CNBC.
“And 76% of all the wealth in America is controlled by people…
![Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high](https://crypto.newswireservice.net/wp-content/uploads/2023/01/ethereum-wale-1000x600-350x250.jpg)
