Tom Lee: Crypto market downturn is a temporary shock

Tom Lee, chairman of Bitmine (BMNR), has assessed the recent cryptocurrency plunge as a temporary shock rather than a structural collapse. In an interview with CNBC, he described the 50% correction in BTC as a "crypto squall," a short, intense storm. Lee analyzed that the drop is merely volatility driven by macro variables, such as a Supreme Court ruling on President Donald Trump's tariffs, and does not reflect a weakening of network fundamentals. He added that the trend of expanding commercial use for crypto is ongoing, citing increased ETH transaction activity, the spread of tokenization, and growing participation from Wall Street.