Ethereum may be entering a similar explosive long-term growth cycle to Bitcoin’s years ago, according to Tom Lee, the executive chair of BitMine. Lee says he sees early signs of what he calls a massive “supercycle,” something he previously witnessed when he recommended Bitcoin at just $1,000 back in 2017. Even though Bitcoin has experienced multiple crashes of up to 75% over the years, it still went on to deliver 100x returns from its first call. Lee now believes Ethereum is setting up for a similar journey.
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Is Ethereum Starting Its Own Bitcoin-Style Supercycle? Tom Lee Weighs In
Ethereum may be entering a similar explosive long-term growth cycle to Bitcoin’s years ago, according to Tom Lee, the executive chair of BitMine. Lee says he sees early signs of what he calls a massive “supercycle,” something he previously witnessed when he recommended Bitcoin at just $1,000 back in 2017. Even though Bitcoin has experienced multiple crashes of up to 75% over the years, it still went on to deliver 100x returns from its first call. Lee now believes Ethereum is setting up for a similar journey.