Daily Market Updates: Tom Lee cites wealth transfer as Bitmine buys more ether

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Tom Lee cites wealth transfer as Bitmine buys more ether

CoinDesk reports Bitmine is approaching a target where its ether treasury would represent 5% of the total supply.

Reported · Written up by our desk · Market Structure

CoinDesk reports Bitmine chairman Tom Lee expects younger investors to drive increased demand for digital assets, tying that outlook to a broader wealth transfer.

The outlet says Lee described Bitmine’s ether treasury strategy as continuing to move forward, with the company getting closer to owning about 5% of the total ether supply.

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Sources

CoinDeskTom Lee sees $2 trillion wealth transfer fueling crypto demand as Bitmine buys more ether

Crypto

Tom Lee cites wealth transfer as Bitmine buys more ether

More like this

Sources

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