Crypto markets may be climbing but some investors don’t think, (BMNR).
In a speech with Coindesktv, Lee explained why he called rebound over crypto and shares that started in April “The most hated V-shaped jump in history.”
That’s because when markets fell after President Donald Trump’s customs reviews at the beginning of the month, economists predicted a recession, and many investors managed free of risky assets. Rebound caught them away.
“Since 2020, investors have underestimated any improvement,” he said. “This one is no different.”
Traditional funding is increasingly buying crypto – steadily and quiet, Lee said. Ethereum Blockchains ether (Eth)He said, benefits from Wall Street’s push in tokenization and chose the network for its legal clarity and technical reliability. “Ethereum has never had downtime. It matters to banks,” he noted.
Lee’s company, Bitmine, is betting on it.
The company currently has 625,000 ETH and nearly $ 2.8 billion in assets, with almost no debt. Lee also confirmed a $ 1 billion withdrawal while confirming the company’s goal of accumulating 5% of ETH supply.
Bitcoin
Meanwhile, a recurring purchase becomes for institutional investors. Lee said he believes that a shift in the Federal Reserve policy – especially a step to bet cuts in the coming months – could send BTC waving against $ 250,000.
Lee appreciates ETH, currently priced at $ 3,700, to $ 15,000 based on Network Fundamentals. He maintains the real story is underrated institutional adoption.
“We’re not at the top,” he said. “We are just the middle cycle.”
