BlockBeats message, April 1, Ethereum’s largest treasury company, BitMine, chairman Tom Lee said that the current market is still shrouded in the fog of war, filled with uncertainty, but in Chinese, “crisis” also means “danger” and “opportunity.” Most people focus only on addressing “danger,” but don’t grasp the “opportunity.”
Earlier today, Tom Lee had said that the market has already absorbed more than 90% of the sell pressure, and that the stock market typically finds its bottom within the first 10% stage of the war process. Even though the “lowest point” has not been reached yet, he believes the U.S. economy can withstand oil prices of $100, and even $120, while maintaining growth.
It is worth noting that BitMine increased its holdings of 71,179 ETH last week, far exceeding its prior weekly average acquisition amount of 45,000 to 50,000 coins.
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