https://www.youtube.com/watch?v=PtCcS9c-GP4
Tom Lee, Fundstrat Global Head of Research, Fundstrat Capital Chief Investment Officer, and Bitmine Immersion Chairman of the Board, made this statement during a talk about the Crypto Supercycle and how Ethereum is poised to lead. With the Ethereum/Bitcoin ratio breakout, Ethereum is becoming the future of finance. Tokenization is going to be huge.
Started at 7:50 on why he thinks Crypto prices have bottomed.
He talks about how Bitmine (BMNR) works at 24:25.
Ethereum is experiencing a 1971 moment similar to when the dollar was taken off the gold standard, and Wall Street ensured the dollar would remain the reserve currency. In 2025, everything is expected to become tokenized, and Wall Street is going to take advantage of this and create products on a smart contract platform, building it on Ethereum.
Digital asset Treasuries, such as Bitmine, are playing a role in transforming Wall Street. Staking, providing security, and acting as a bridge between the traditional finance and the DeFi world. Bitmine is the largest holder of Ethereum in the world.
Stablecoin issuers will want to stake Ethereum because it serves as the underlying base monetary layer.
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