Tom Lee: Market Still in 'Fog of War,' Risk and Opportunity Co-Exist

BlockBeats News, April 1st, Tom Lee, Chairman of BitMine, Ethereum's largest treasury company, stated that the current market is still in the fog of war, full of uncertainty. However, in Chinese, "crisis" means both "danger" and "opportunity." Most people only focus on addressing the "danger" but fail to seize the "opportunity."

Earlier today, Tom Lee mentioned that the market has absorbed over 90% of the selling pressure, and the stock market usually hits bottom within the last 10% of the war process. Even if the "bottom" has not been reached, he believes that the U.S. economy can withstand $100 or even $120 oil prices and continue to grow.

It is worth noting that BitMine increased its ETH holdings by 71,179 coins last week, far exceeding the previous weekly average purchase of 45,000 to 50,000 coins.