Key Point One: Crypto vs Traditional Stock Market Past Performance. Will Crypto rebound from its bottom this year?
TOM LEE: Ethereum has basically bottomed out around $2,000, and Bitcoin is also in the process of forming a bottom when it dropped to the $60,000 level.Historically, once cryptocurrencies hit their bottom, they typically experience a V-shaped reversal.This means you might not have the chance to buy at the lowest point because that price may only last five minutes or even just 25 seconds, causing you to miss the most aggressive part of the initial upward movement.
Key Point Two: The logic behind Bitmine stock outperforming ETH
TOM LEE:Bitmine (BMNR) was originally designed to track the price of Ethereum, but its core objective is to increase the amount of Ethereum represented by each share.Therefore, our philosophy is: over time, Bitmine will outperform Ethereum because we are continuously increasing the total amount of Ethereum held by the company.
From June 30 last year to December 31, we increased the Ethereum holdings per share of BitMine (BMNR) nearly tenfold. What does this mean? This means that in a bull market, BitMine's stock performance will surpass that of Ethereum.
If you hold Bitmine, you must remember:The biggest single factor affecting the stock price is the movement of Ethereum.However, we believe that the current downtrend has already completed 90% to 95%.
In addition, our holdings in Ethereum (Ethereum), once fully staked, will generate approximately $300 million in annual revenue. In other words, we are earning nearly $1 million per day. Therefore, shareholders do not need to worry about Bitmine’s poor performance or being hurt by a bear market.
Key Point Three: Reasons and Highlights for Investing in ORBS
TOM LEE: Bitmine (BMNR) holds approximately $100 million worth of ORBS shares, which is a very unique company because there are two things that make it the only company in the world with these two characteristics.
They disclosed two investments: first, an investment in OpenAI; second, an investment in MrBeast. This is the only company in the world that allows investors to access OpenAI shares before its IPO (Initial Public Offering), and this is done with full cooperation from OpenAI. In fact, OpenAI encourages ORBS' shareholding because of their deep ties with Sam Altman.
Moreover, MrBeast offers a range of services and is arguably the most influential person among Gen-Z and subsequent generations.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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