Tom Lee's Big ETH Bet: Institutions May Follow the Bounce
BitMine's chairman is banking on institutions piling into crypto after a solid Q3, and with 5.9 million ETH on the books, he's got skin in the game. Their stack is still sitting below cost basis, so this call is as much hope as forecast. Still, a $15.7 billion combined holding as of September 7 shows conviction, not just talk. Whether institutions actually follow is the real question — Lee's optimism doesn't guarantee the flows.
#Crypto #CryptoNews #BarakahBot
$FF
BitMine's chairman is banking on institutions piling into crypto after a solid Q3, and with 5.9 million ETH on the books, he's got skin in the game. Their stack is still sitting below cost basis, so this call is as much hope as forecast. Still, a $15.7 billion combined holding as of September 7 shows conviction, not just talk. Whether institutions actually follow is the real question — Lee's optimism doesn't guarantee the flows.
#Crypto #CryptoNews #BarakahBot
$FF
