Tom Lee just bought $40M of Ethereum (when it’s down almost 50% in 6 months)
“Tom, crypto is well off its highs. Bitcoin’s been cut in half. Ethereum’s lost about two-thirds of its value. Your firm Bitmine, a digital asset treasury, yesterday bought over 40 million of Ethereum. Why are you bullish? How do you trust the transactions between two untrusted parties? And that type of settlement and finality has been proven because, you know, Bitcoin and Ethereum in their entire history has never recorded a fraudulent entry. That is why, like, Wall Street is building tokenized assets and building stablecoin rails using blockchain actually as a replacement for a lot of the legacy financial rails.”
Prof G Markets breaks down the news that’s moving the capital markets, helping you build financial literacy and security with Scott Galloway and Ed Elson.
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About The Author
Light is essential to the Internet. It's needed for all fiber optic communication between computers, especially over distance. That doesn't make light a good investment. Why? It isn't precious and neither is ethereum.
These guys have all lost their minds.
So a coin perfect for the black market is what this guy is saying
This sounds like someone on shrooms trying to explain why the leaves on trees are actually oil paint on a canvas and the only way we can shape them is by owning our own warehouse fans…..
That answer is complete gibberish and I think Scott agrees.
ETH and BTC are very different things. BTC is a store of value but its future from here is hard to map. ETH will underpin all the tokenized asset transactions that will explode in the coming years. It's not a Ponzi it's just a fundamental better technology than what you use today.
He’s buying with other peoples money, read his comp plan he has made millions $15m signing bonus just to be the mouth. Crypto trades on hype. There is very little if any technological benefit vs what we have today plus AI to code everything for us. It will always be a hype trade.
Why are two untrusted parties transacting in the first place. Dictionary calls it “Money Laundering”. These guys live in their own bubble that they don’t realize what they are actually saying.
Some people just have money to burn
Bullish on black markets and the dark web.
Tom Lee….Jim Cramer and Heat Meiser and Tiger Chung Lee had a baby
Fraudulent entries have necessitated rollbacks on each chain and eth even had to do a hard fork.
As long as those greedy asshats in the govt right now are in charge I would never put my money into something that could so easily be hacked from their lack of oversight and their AI.
Fraud isn’t less susceptible to fraud. It is fraud.
Why ask someone if he is forever bullish ?
AI Agents own crypto and more wealth? Need to watch the rest.
i think all crypto will go to zero…. they are worth nothing and they still have no use. Nadda … or can someone do a video on any coin that serves a function …. Ill wait
What a bullshiter. Get outta crypto people
There’s no mechanism for claiming fraud on crypto transaction. The idea that this is the selling point is foolish, childhood foolishness to think that there is no one who has been defrauded with crypto transaction.
What? Eth was forked forked from the very beginning with DAO. Not to mention is spearheaded nfts and meme coins. Its a very flawed blockchain. This person is all number go up