In accordance with Insidebitcoins, BitMine Chairman Tom Lee stated that Ethereum is entering the same 'supercycle' that drove Bitcoin to 100x returns. Lee, co-founder of Fundstrat Global Advisors, warned of volatility and urged investors to 'HODL.' He cited Bitcoin's history of significant price drops over the past 8.5 years, including six declines of more than 50%. BitMine, the largest corporate holder of ETH, reportedly bought 67,021 ETH for $234.47 million from Galaxy Digital, FalconX, and Coinbase. According to StrategicETHReserve, BitMine holds 3.51 million ETH valued at $11.16 billion and aims to acquire 5% of the total supply.
BitMine Chairman Tom Lee Predicts Ethereum Entering Bitcoin's 100x Supercycle
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