Tom Lee: "If you don't have virtual assets, buy now"...Changpeng Zhao also signals comeback

▲ Virtual Asset Trading

Giants in the virtual asset market have successively signaled an impending bull market, asking investors if they have secured enough assets.

According to financial media outlet Benzinga on September 30 (local time), Tom Lee, chairman of BitMine Immersion Technologies Inc. (BMNR), and Changpeng Zhao, founder of Binance, predicted strong upward momentum in the virtual asset market. When Changpeng Zhao hinted on X (formerly Twitter) that a bull market was imminent, Tom Lee responded, “I agree, do you own enough crypto?” bolstering market optimism.

Tom Lee diagnosed that the major upward cycle of the virtual asset market has already begun. He maintained his target price for Bitcoin (BTC) at $150,000 and reaffirmed the groundbreaking prediction that Ethereum (ETH) would reach $60,000 within a few years. Even with short-term upward momentum slowing due to surging treasury bond yields, he expressed confidence in the long-term upward trajectory.

Beyond mere verbal statements, aggressive accumulation involving substantial capital investment was also revealed. Last week, BitMine purchased an additional 17,362 ETH, increasing its total holdings to over 6 million ETH. This is an astronomical amount, exceeding $16 billion at current market prices. Since adopting virtual asset purchases as a corporate financial strategy in June last year, the company has consistently bought Ethereum every week without fail, continuing its aggressive asset accumulation.

Experts evaluated that Changpeng Zhao's comeback signal and Tom Lee's continuous large-scale purchases represent the firm confidence of institutional and whale investors. Despite macroeconomic pressures such as rising US treasury yields, key industry figures continue to accumulate physical assets, which is analyzed to be a strong support for a market rebound in Q4.

[Article Key Summary]

-Responding to Changpeng Zhao's hint of an impending bull market, Chairman Tom Lee actively agreed, asking if investors held enough cryptocurrency.

-Tom Lee firmly maintained his long-term forecasts of Bitcoin at $150,000 and Ethereum at $60,000.

-BitMine acquired an additional 17,362 ETH, securing over 6 million ETH totaling more than $16 billion.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*