Tom Lee, chairman of BitMine, doubled down on his bullish stance amid the recent crypto pullback, calling it a rare buying window for long-term investors. His comments follow news that former U.S. President Donald Trump is preparing to meet China’s President Xi Jinping to renegotiate tariffs, a move that could ease global economic tension.
Lee noted that fear-driven selloffs like this often mark strong entry points, especially as sentiment hits extreme lows.
“BTFD = our take”
he said, signaling confidence that the downturn could set the stage for the next major rally.
Backing his words with action, BitMine reportedly increased its Ethereum holdings by over $400 million, transferring more than 100,000 ETH into new wallets as part of its long-term accumulation plan.
During a recent podcast, Lee reaffirmed his bullish outlook on Ethereum, predicting the token could climb to $10,000–$12,000 by 2025, echoing optimism shared by other market leaders who view the current turbulence as “background noise.”
Meanwhile, Trump’s upcoming talks with China, paired with signals of possible rate cuts from the Federal Reserve, could offer relief to both traditional and crypto markets, setting the stage for a potential rebound.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
