Foresight News
Foresight News|Jun 11, 2026 00:44
[Tom Lee: Investing in blockchain is akin to holding real estate assets, BitMine may not need to hold over 5% of Ethereum supply] Foresight News reports, according to Bloomberg ETF analyst Eric Balchunas, BitMine Chairman Tom Lee stated at the DACFP conference for investment advisors that the current financial system is built on multi-layered technology stacks, with a significant amount of 'false or fraudulent transactions.' However, Ethereum and Bitcoin have 'never experienced fraudulent transactions' at the blockchain level, and blockchain operates at a lower cost. Investing in blockchain is similar to holding real estate assets, and in the future, Agentic AI will rely on blockchain to achieve higher speeds and prevent system failures. Additionally, BitMine may not need to hold more than 5% of Ethereum's supply and revealed that it holds significant shares in MrBeast's financial company. Ethereum's supply has already shown contraction, and BitMine may be included in the Russell 1000 Index by the end of June, which could provide stability support for its stock price.
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