Bitmine Chairperson: Wall Street is quietly buying cryptocurrencies, and the market is bound to rebound
2025-08-02 10:42:05
Tom Lee, co-founder of Fundstrat and chairperson of ethereum treasury company Bitmine Immersion (BMNR), said that the cryptocurrency market may rebound, and some investors do not believe that this rebound is real, which is precisely why the crypto market may go higher, because "investors have underestimated every recovery since 2020. This one is no exception". Tom Lee added that the traditional financial industry, led by Wall Street, is steadily and quietly increasing its investment in cryptocurrencies, ETH is benefiting from Wall Street's push for tokenization, and Ethereum has never experienced a downtime, which is crucial for banks. According to fundamental estimates, ETH should be $15,000 (currently priced at $3,700). He believes that the real problem is that the acceptance of ETH by institutional investors is underestimated, and it is only in the medium term.
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