A small horse pulling a heavy cart? Can Tom Lee drive Ethereum up?

Here’s a scary story: Bitmine, the Ethereum version of MicroStrategy, has already purchased 3.86 million ETH at a cost of $3,925 per ETH, with an unrealized loss of over $3 billion.

Behind these cost-ignoring purchases is actually Tom Lee’s relentless hype, and his craziness didn’t just start now:

2018: Predicted $10,000 by year end, actually dropped to $80
2021: Predicted $10,000, actual peak $4,800
2024: Predicted $10,000, actual peak $4,100
2025: Predicted $18,000, already dropped to $3,000

So Tom Lee just throws out wild predictions, but he’s not just all talk—he actually buys. I do admire him for that 👀