Tom Lee says mini crypto winter is ending, cites ETH's performance

Tom Lee, Chairman of Bitmine (BMNR), has stated that the mini crypto winter is coming to an end, Cointelegraph reported. He made the remarks after announcing that Bitmine purchased an additional 65,341 ETH last week. Lee added that ETH recently outperformed the stock market amid geopolitical conflict between the U.S. and Iran, and rose 18% even as the traditional safe-haven asset gold declined. He suggested this demonstrates cryptocurrency's value as a new type of safe-haven asset in times of war. Bitmine currently holds approximately 4,596,000 ETH.