Wu Blockchain (@WuBlockchain): Tom Lee: Ethereum Has Halved Eight Times in Eight Years

Tom Lee: Ethereum Has Halved Eight Times in Eight Years On February 11, Bitmine Chairman Tom Lee stated at Consensus in Hong Kong that since 2018, Ethereum has experienced eight declines of more than 50%, and each time formed a V-shaped recovery, rebounding at nearly the same pace as it fell. He noted that a broader turnaround in the crypto market would likely require Bitcoin to lead, while Bitcoin’s recovery may depend on gold beginning to weaken. Against this backdrop, he believes Ethereum is approaching a cyclical bottom, and investors should focus on potential opportunities rather than attempting to time the exact bottom. Source: https://consensus-hongkong.coindesk.com/agenda/event/-keynote-tom-lee-10