Tom Lee once again supports Ethereum, stating that due to supply contraction, BitMine may only need to hold no more than 5% of the total amount

Tom Lee stated at the DACFP conference for investment advisors that the current financial system is built on a multi-layer technology stack, with a significant amount of "false or fraudulent transactions." He noted that Ethereum (ETH) and Bitcoin (BTC) have "never had fraudulent transactions" at the blockchain level, and that the operational costs of blockchain are lower.

Tom Lee further pointed out that investing in blockchain is similar to holding real estate assets, and in the future, "agent-based AI" will rely on blockchain for higher speeds and to prevent system failures. He also mentioned that the supply of ETH is contracting, and BitMine may not need to hold more than 5% of the total supply of ETH. Additionally, he stated that BitMine may be included in the Russell 1000 index by the end of June, which could provide stability support for its stock price, and referenced the company's holdings in MrBeast-related financial companies.