Ethereum Super Cycle Unaffected by Market Downturn, Says BitMine Chairman

BitMine Chairman Tom Lee believes that the current cryptocurrency market downturn won’t derail Ethereum’s anticipated ‘super cycle.’ Lee noted that the recent market volatility has exposed weaknesses in some market makers, and opportunistic players may be manipulating Bitcoin prices for short-term gains. Despite these challenges, Lee predicts a swift resolution of balance sheet concerns within 6-8 weeks. He advises against relying on leverage during this period to avoid potential losses.