Crypto veteran and Bitcoin OG Bobby Lee says he remains bullish on Bitcoin (BTC), Ethereum (ETH) and the wider cryptocurrency market despite the recent downturn.

In an interview with Bloomberg, Lee says that if the predictions for a severe crypto winter fail to materialize, Bitcoin and Ethereum will easily go back to their all-time highs recorded in November of 2021.

The crypto veteran says that the upgrade that will see Ethereum transition from a proof-of-work (PoW) consensus mechanism to proof of stake (PoS) will serve as the catalyst that will see the two crypto assets rally back to their record highs.

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