Bitmine Chairman: Wall Street is quietly buying cryptocurrencies, the market is bound to rebound

According to a report by Golden Finance, Tom Lee, co-founder of Fundstrat and chairman of Bitmine Immersion (BMNR), an Ethereum treasury company, said that the cryptocurrency market may rebound, and some investors do not believe that this rebound is real, which is precisely why the cryptocurrency market may rise, because "since 2020, investors have underestimated every recovery. This time is no exception. Tom Lee added that the traditional financial industry, led by Wall Street, is steadily and quietly increasing its investment in cryptocurrencies. ETH is benefiting from Wall Street's push for tokenization, and Ethereum has never experienced any downtime, which is crucial for banks. If estimated based on fundamentals, ETH should be at $15000 (currently priced at $3700). He believes that the real problem is that institutional investors' acceptance of ETH is undervalued and is only in the mid-term stage.