Tom Lee: BitMine Stock Correlation with ETH at 80%, ETH to Outperform BTC in This Cycle

BlockBeats News, August 21, BitMine CEO Tom Lee published a post listing 17 large-cap stocks (market cap over $20 billion) with high correlation to cryptocurrency, for stock investors seeking crypto exposure to refer to. Among them, BMNR has the highest correlation with ETH, at 80%, followed by COIN (74%); MSTR has the highest correlation with BTC, at 78%, followed by COIN (74%).

Tom Lee stated that in this cycle, ETH is expected to outperform BTC, with the driving factors being tokenization and AI applications. He believes this logic is far more important than the driving factors that have led ETH to outperform in previous cycles.