TechFlow news, on October 16, in the latest episode of Fortune magazine's "Crypto Playbook" video series, Tom Lee, chairman of BitMine, said the bubble for digital asset treasury companies may have already burst. Although Ethereum has at times struggled amid the surge of other blockchains and its own technical challenges, Tom Lee believes Ethereum remains the "blockchain of Wall Street," especially as financial firms explore applications for stablecoins and various tokenized assets—many of which are native to Ethereum. Tom Lee pointed out that as more digital asset treasury companies enter the public markets, many are trading at stock prices below their net asset value—the value of their underlying cryptocurrency holdings—and stated: "If this isn't a bubble bursting, then what is?"
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
