Tom Lee: 'Bitcoin and Ethereum are Friends'

Tom Lee of Fundstrat, who has emerged as the patron saint of the Ethereum community, clarified that there is no competition between him and the founder of Strategy, Michael Saylor. Lee posted a selfie with Saylor, emphasizing that Ethereum and Bitcoin are "fren". Tom Lee previously faced criticism from members of the Bitcoin community for being too eager to promote Ethereum with BitMine Technologies. Lee became the president of BitMine, a company specializing in immersive cooling technology, in June and quickly turned the company into the leading treasury management tool for Ethereum. Recently, Lee made some controversial statements that upset the Bitcoin community. Specifically, Lee predicted that this leading cryptocurrency could surpass Ethereum in market capitalization, while also predicting that Ethereum could be a better macro trading option in the next decade. Previously, the president of BitMine also received some criticism for raising funds based on the Bitcoin logo, which some critics consider quite misleading. However, the president of Bitmain remains optimistic about Bitcoin, recently he predicted that the price of this leading cryptocurrency could reach 200,000 dollars. BitMin's Assets Are About to Reach 10 Billion USD BitMine currently holds a total of 9.3 billion dollars after the company recently purchased an additional 200 million dollars of this leading cryptocurrency. This figure is much higher than Joe Lubin's SharpLink, which has surpassed the 3 billion dollar mark. Meanwhile, Saylor's Strategy remains the largest Ethereum fund management company with a huge profit margin, currently holding a total asset value of 3 billion dollars.