BlockBeats news, on March 15, Tom Lee, Chairman of BitMine, the Ethereum treasury company, said in an interview with CNBC: “I think technology stocks overall have performed quite well, including software stocks. This makes sense for us, but I’ll say something a bit counterintuitive: rising oil prices are actually relatively positive for the U.S. stock market. One reason is that the U.S. is a net oil producer. When people worry that higher oil prices could slow global economic growth, they反而 become more inclined to hold growth stocks. This drives investors to buy into the U.S. stock market, as the U.S. market itself functions as a ‘growth index,’ particularly the MAG-7 and software sectors. So I believe the current market performance is logically sound. I also think the stock market may be forming a bottom this month.”
The issues in private credit have existed for some time and are only now gradually coming to light. But I don’t believe the situation is as systemic as the market fears. Many people immediately think of Lehman Brothers and the global financial crisis when they see problems, but there are many reasons why this situation is different. First, the market size is not nearly as large as it was back then. Second, the signs of credit stress we’re seeing now are not nearly as severe as those in 2008. So while I believe it is currently weighing on the financial sector, it won’t become a systemic issue for the broader market or economy.