Tom Lee says AI selloff is nearing its end, sees capital rotating into crypto
- —Lee says credit market restraint is keeping the speculative boom from running out of control
- —US households earn about $7 trillion a year in interest, enough to fund AI infrastructure buildout
- —Yields have fallen back below 5%, and Lee expects the Fed to ease policy soon
- —ETH trades near $2,330, roughly 13% below its level a month ago
Why it matters: Comments from the head of Bitmine, which holds nearly 5% of all ETH, could steady crypto sentiment amid a broader risk-asset selloff.
Source: BTC-ECHO