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Tom Lee just bought $40M of Ethereum (when it's down almost 50% in 6 months)

By Prof G Markets•7 days ago
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Tom Lee just bought $40M of Ethereum (when it's down almost 50% in 6 months) "Tom, crypto is well off its highs. Bitcoin's been cut in half. Ethereum's lost about two-thirds of its value. Your firm Bitmine, a digital asset treasury, yesterday bought over 40 million of Ethereum. Why are you bullish? How do you trust the transactions between two untrusted parties? And that type of settlement and finality has been proven because, you know, Bitcoin and Ethereum in their entire history has never recorded a fraudulent entry. That is why, like, Wall Street is building tokenized assets and building stablecoin rails using blockchain actually as a replacement for a lot of the legacy financial rails." Prof G Markets breaks down the news that’s moving the capital markets, helping you build financial literacy and security with Scott Galloway and Ed Elson.

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