Inspired by the success of businesses like MicroStrategy, which has seen its stock surge more than 3,000% since it pivoted to buying Bitcoin instead of developing software, other publicly traded companies are now betting on an even more volatile cryptocurrency: Ethereum.
And some taking the risky move are saying it’s a “Chat GPT moment for crypto” — because they believe the product is going to become ubiquitous and highly valued in just a few months.
“Ethereum, to me, is really gonna be where Wall Street meets crypto,” Tom Lee of BitMine Immersion Technologies told me.
Tom Lee believes Ethereum is where crypto will meet Wall Street. Cindy Ord
Lee joined BitMine Immersion Technologies last week as chairman following the company’s rebrand from a Bitcoin mining company to a focus on acquiring what they believe is the real gold, Ethereum.
And if the stock price is any indication, it seems to be