Tom Lee sees $2 trillion wealth transfer fueling crypto demand as Bitmine buys more ether
The Bitmine chairman said he expects younger investors to drive demand for digital assets as his ether treasury company inches closer to owning 5% of the total supply.
Make preferred on
Share this article
Summary
- Wall Street veteran Tom Lee sees a wealth transfer of up to $2 trillion between 2026 and 2028 as a potential driver of digital asset demand.
- Bitmine bought another 12,532 ETH last week, worth about $32 million at current prices, leaving it only weeks from achieving its goal of owning 5% of ether’s supply.
- Lee said Bitmine will stop buying ETH after reaching that target.
