Tom Lee: Markets Still in the "Fog of War" as Risks and Opportunities Coexist

According to Huo Xing Finance, Tom Lee, chairman of BitMine and the largest treasury holder of Ethereum, said on April 1 that markets remain in a "fog of war" marked by elevated uncertainty. He noted that the Chinese term for "crisis" carries both "danger" and "opportunity," arguing that investors often focus on managing the danger and overlook the opportunity. Lee said earlier today that the market has already digested more than 90% of the selling pressure, adding that equity markets typically find a bottom within the first 10% of a war's progression. Even if the ultimate low has not yet been set, he believes the U.S. economy can continue to grow with oil at $100, or even $120. BitMine disclosed that it added 71,179 ETH to its holdings last week, well above its prior weekly average purchases of 45,000 to 50,000 ETH.