Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Tom Lee: The growing pains are temporary and will not change the ETH supercycle.

On November 16, Tom Lee, chairman of the board of the first Ethereum holdings institution Bitmine, stated: “Recently, one (or two) market makers with significant balance sheet flaws have exposed weaknesses in the crypto market, and sharks are hunting with the intention of triggering liquidations and dumping BTC. Is this pain short-term? Yes. Will it change the Supercycle of ETH (i.e., Wall Street building an ecosystem on the blockchain)? No. But now is not the time to use leverage, don't get liquidated.”

ETH1.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)