News

According to ChainCatcher, in an exclusive interview with Mario Nawfal, BitMine Chairman Tom Lee stated, "The financial system will be reconstructed based on blockchain, reminiscent of the moment in 1971 when the US dollar decoupled from the gold standard. Ethereum will be one of the main beneficiaries. I remain very bullish on Bitcoin, and Bitcoin could reach $200,000 or even higher. As for Ethereum, I believe it has even greater upside potential, because with the development of blockchain and artificial intelligence, it possesses more potential. Therefore, we call Ethereum the biggest macro trade for the next 10 to 15 years. I think from now until the end of the year, Bitcoin has the potential to double, while Ethereum has more than double the upside. But in the long term, we have conducted some research and envisioned a five-year experiment, and the results predict that the final price of Ethereum will be around $60,000. Therefore, Ethereum has huge upside potential over the next five years." In mid-2017, Tom Lee publicly predicted for the first time that Bitcoin would reach $25,000 within five years (i.e., by 2022). In an interview with CNBC, he stated that Bitcoin was "eroding the demand for gold" and regarded it as "digital gold," with scarcity and value storage potential. At that time, the traditional financial sector and some media outlets mocked his prediction.

ChainCatcher news, according to Golden Ten Data, the Federal Reserve accepted a total of $3.4744 billion from 21 counterparties in its fixed-rate reverse repurchase operations.