Tom Lee: ETH supply is shrinking, and BitMine might not need to hold more than 5% of the supply According to a tweet by Bloomberg ETF analyst Eric Balchunas, BitMine Chairman Tom Lee @fundstrat mentioned during his speech to financial advisors at the DACFP conference that the entire financial system is built on layers of tech stacks, with a significant amount of fake and fraudulent transactions. However, Ethereum and Bitcoin have never experienced fraudulent transactions. Blockchain also operates at a lower cost. He compared investing in blockchain to owning real estate, suggesting that agent-based AI will leverage blockchain's speed advantage and prevent it from going out of control. Lee also stated that BitMine might not need to hold more than 5% of the supply. The company holds a significant stake in Mr. Beast's financial company, and Ethereum's supply has already started to shrink. BitMine might be included in the Russell 1000 Index by the end of June, which could help stabilize its stock price.