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Wall Street is using its Bitcoin playbook to take a big risk on Ethereum
Inspired by the success of businesses like MicroStrategy, which has seen its stock surge more than 3,000% since it pivoted to buying Bitcoin instead of developing software, other publicly traded companies are now betting on an even more volatile cryptocurrency: Ethereum. And some taking the risky move are saying it’s a “Chat GPT moment for crypto” — because they believe the product is going to become ubiquitous and highly valued in just a few months. “Ethereum, to me, is really gonna be where Wall Street meets crypto,” Tom Lee of BitMine Immersion Technologies told me. Lee joined BitMine Immersion ... (full story)
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