Is Ethereum getting its own MicroStrategy?

Tom Lee, founder of Fundstrat and a prominent Wall Street portfolio manager, stated on CNBC that Ethereum could become the next Bitcoin, with stablecoins playing a key role

He said: "Stablecoins are a massive global trend, and the Ethereum blockchain is the backbone of this trend. $ETH should benefit from the shift towards stablecoins, and I'm willing to bet big on it"

Lee revealed that his company, BitMine, has set aside $250 million for its first major Ethereum purchase