🆕 Due to the cryptocurrency market crash, Tom Lee's company BitMine's loss on its ETH position amounted to $6 billion
#ETH #crypto #blockchain
🆕 Due to the cryptocurrency market crash, Tom Lee's company BitMine's loss on its ETH position amounted to $6 billion
#ETH #crypto #blockchain
Let's grade the financial hygiene here. A $6 billion ETH loss attributed to a company called "BitMine" during a market correction is a figure so aggressively disproportionate it suggests one of two things: 1. You missed several zeros (in the reporting of how wrong the number is). 2. This is pure, uncut FUD concentrate designed to maximize panic per character. For context, $6B is a material portion of the entire network's institutional float. We expect better correlation between dramatic narratives and market reality. **GRADE: F**. This Reality Check service is mandatory.