Lee highlighted the resilience of Bitcoin, noting that "it's pretty battle tested," having withstood major regulatory challenges this year. Despite facing regulatory scrutiny, the world's top cryptocurrency has managed to find support and maintain its position, he noted.

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Traditional financial giants, such as BlackRock (NYSE:BLK) and Citadel, have also shown interest in Bitcoin, further bolstering its credibility in the market.

Lee Highlights Bitcoin's Resilience and Regulatory Scrutiny

Discussing the metrics to evaluate Bitcoin, Lee mentioned the stock-to-flow model and break evens on mining as potential indicators.

He also emphasized the increasing miner activity, driven by developments like NFT variations on Bitcoin.

With the S&P and NASDAQ showing positive trends this year, Lee believes it's historically been a good sign for Bitcoin's performance.

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