Exchanges· ★★★· bullish·

Tom Lee sees $2 trillion wealth transfer fueling crypto demand as Bitmine buys more ether

  • —Tom Lee expects a $2 trillion wealth transfer to younger investors
  • —Bitmine is nearing its goal of owning 5% of Ethereum's supply
  • —The company continues to expand its ETH reserves
Why it matters: Capital from a new generation of investors could strengthen institutional demand for ETH and crypto broadly.
#ETH
Source: CoinDesk
More on this
Exchanges · Sep 21
Bitmine buys $75M in ether as Tom Lee says institutions remain underweight crypto
 Markets · Oct 7
Tom Lee Says Crypto Is '2 Days Past the Bottom' as Bitmine Nears 5% Ether Cap
 Exchanges · Oct 5
Tom Lee says ether 'dwarfing other macro assets' as Bitmine adds 15,112 ETH