Bitmine now owns 4.9% of all Ethereum in existence, their goal is 5%, and the unrealized loss is $5.1 billion. They are so close and so underwater and they do not care even a little bit. Tom Lee basically took Buffett's advice to be greedy when others are fearful and ran with it for 65 straight weeks. You have to give him props for diamond handing through all of it. By the next cycle top he will either look like a prophet or a cautionary tale they teach in business school.
Lark DavisShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.