Ethereum Price Jumps 2.4% As Tom Lee Says ETH Is ‘A Discount To The Future’ And BitMine Stash Hits $11.6B
The Ethereum price jumped 2.4% in the last 24 hours to trade at $4,186 as of 4:05 a.m. EST on trading volume that surged 41% to $36.2 billion. This comes as BitMine chairman Tom Lee says ETH is priced at ‘a discount to the future’ with future adoption of the blockchain by Wall Street and AI companies set to push the token higher. “We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” Lee said . “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.” Lee’s words come as BitMine announced on Monday that its holdings stand at 2.65 million Ether worth $11.6 billion. 🔥 BitMine now holds 2.65M ETH ($11B) — by far the world’s largest ETH treasury. Chairman Tom Lee: “ETH is trading at a discount to the future” 🚀 as Wall Street + AI adoption a...
