The chairman of Bitmine, Tom Lee, shared his opinion on the recent operation of Treasury companies focused on Crypto-focused Crypto-focused and the future of this billion dollar company.
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The Crypto Dats Bubble has already burst
On Thursday, junior chairman Thomas “Tom” Lee joined the Fortune Playbook Podcast PodCast to discuss Digital Assets Greatness (DAT) companies and why he thinks the bubble surrounding these cars may be about to burst.
Discussing the need for this different type to get exposure to crypto assets, Lee pointed out that Dats are “not just cars,” and if they are executed well, companies will be supported by investors.
He noted that companies like the plan and the world’s largest bitmine, both see a billion dollars in daily volume, adding that “the two companies combined are 86% of all Dats trading.”
Lee was also asked about the argument that the trend is creating a potential bubble. Fortune’s top Crypto analysts doubt whether the bubble will burst and have a negative impact now that there are hundreds of details in the market.
He confirmed that the bubble may have already burst, at least to some extent, and pointed out that about 80% of these firms are selling below the minimum price. “If that is not a bubble burst (…), how will that bubble burst?”
However, Bitmine’s small chair explained that instead of asking if a bubble has burst, he prefers to ask if the market has gone flat.
Bitmine, not ‘just’ dat?
Lee argued that, while other Crypto assets have not been share price creators, bitmine is “not just dat,” but also the largest owner of Etherreeum (eth) in the world.
Obviously, Bitmine is a carrier of Bitcoin and Edereum with a Focus on accumulating Crypto for long-term investment. The company aims to own 5% of Eletherum Fantly, which currently holds 3.03 million tokens, or more than 2.5% of the total supply.
According to Lee, this gives bitmines more advantages, including providing a significant amount of security to the Edereum network. Based on these roles, he considers the company to be “actually a liaison between the way the walls look at the future development in Emeremu, in the community.”
“So we’re not just dat. We become, you know, one of the important voices within EMEREM, and that was really our goal.
Adding to his contention, Lee also asserted that the company is confident that this is the “highest investment ever for AI and crypto,” which will play off each other for decades. “
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Because of this, he considers that “ERreem remains the premier choice given its high reliability and 100% uptime.” During the podcast, Bitmine’s junior chairman confirmed the situation, saying:
“Their Tokenization is everything else, (…), in quadrillions. You know, especially as AI advances in the blockchain, and (…) A lot of opportunity will be created.
Featured image from unscwassh.com, chart from artIngView.com
