TechFlow news, November 21 — According to Bloomberg, Tom Lee, chairman of ETH treasury company Bitmine, reiterated his bullish outlook, stating that despite recent market declines, he still expects Bitcoin to rebound to between $150,000 and $200,000 by the end of January next year.
He believes retail investors' long-term strength will continue to drive the market higher. He said those who failed to maintain a bullish stance over the past decade have "consistently been wrong."
Earlier reports indicated that Bitmine holds 3,559,879 ETH (worth $9.75 billion), with an average cost of approximately $4,010, currently facing an unrealized loss of $4.52 billion, down 31.67%.
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