🇺🇸 TOM LEE EXPLAINS WHY HIS COMPANY BUYS ETHEREUM ON CNBC
🔸 Tom Lee is currently the new Chairman of Bitmine, which has raised 250 million USD to buy and hold Ethereum just like MicroStrategy is doing with Bitcoin.
🔸 He believes that the finance and crypto industries are merging very quickly by 2025, especially as stablecoins become popular with banks and businesses.
🔸 Ethereum is the main blockchain supporting stablecoins, so owning and staking it helps protect the network.
🔸 He says this model will help banks in the future issue stablecoins safely and maintain the dominance of the USD.
🔸 Ethereum is considered the most “regulation-compliant” chain, with safety being more important than speed.
🔸 The market capitalization of stablecoins could increase from 250 billion USD to 2 trillion USD, bringing immense value and transaction fees to Ethereum.