Reported 2 days ago
Tom Lee, a prominent Wall Street crypto strategist, has made a significant $250 million investment in Ethereum through his role as chair of BitMine Immersion Technologies. He argues that the growing use of stablecoins on Ethereum marks a pivotal opportunity for institutional adoption, likening it to the transformative impact of ChatGPT in AI. Lee highlights that 30% of Ethereum's use comes from stablecoins, with expectations that their value could soar to over $2 trillion, mirroring Bitcoin's corporate adoption growth. His investment strategy suggests a broader shift toward recognizing crypto and technology infrastructure as legitimate drivers of earnings growth.
Source: YAHOO