BlockBeats news, on March 4, Tom Lee, Chairman of BitMine, the Ethereum treasury company, told CNBC: “No one wants to see the United States drawn into conflict. But it must be noted that the market has performed much more resiliently than expected. I don’t think anyone can now claim we’ve hit the bottom, but it looks like we’re building a base—bad news keeps coming, yet the market is absorbing it and remaining stable. More importantly, I believe positions have been significantly reset.”
Looking back at last April, a simple signal was the VIX rising above 40. It reached 80 last year, but it may not climb that high this time. Another signal: if another panic-driven news story emerges, gold continues to fall, yet the stock market turns up on the same day, it would indicate that the market has already cleared out. I believe we are nearing that stage.
We believe March was a bottom-forming period. The declines in software, the Mag 7, and crypto assets have already completed about 90%. They are outperforming the broader market, demonstrating leadership. Even amid global trade disruptions, you still need AI and you still need the Mag 7—these companies’ fundamentals remain strong. Investors should maintain patience and caution, holding some cash reserves. But I believe opportunities are emerging.