Tom Lee from Fundstrat, who has become a notable figure within the Ethereum community, has clarified that there is no competition between him and Michael Saylor, the founder of Strategy.
Lee shared a selfie with Saylor to emphasize that Ethereum and Bitcoin coexist harmoniously as “friends.”
According to U.Today, Lee faced backlash from some Bitcoin enthusiasts after he shifted his focus towards promoting Ethereum through BitMine Technologies.
In June, Lee took on the role of chairman at BitMine, a company known for its innovative cooling technologies. He swiftly transformed it into a prominent vehicle for holding Ethereum assets.
Recently, Lee made headlines with some provocative remarks that unsettled parts of the Bitcoin community. Notably, he suggested that Bitcoin might one day outpace Ethereum in market capitalization while also asserting that Ethereum could represent a more favorable macro investment over the next ten years.
As noted by U.Today, criticisms have also been directed at him for leveraging Bitcoin’s branding in fundraising efforts—a move some deemed misleading.
Nevertheless, Lee maintains an optimistic outlook on Bitcoin as well; he recently forecasted its price could soar to $200,000.
BitMine’s Holdings Approaching $10 Billion
Currently, BitMine is nearing an impressive total of $9.3 billion in holdings following its recent acquisition of an additional $200 million worth of this leading altcoin.
This positions them significantly ahead of Joe Lubin’s SharpLink which has exceeded $3 billion in assets.
On another note, Saylor’s Strategy continues to dominate as the largest holder of Ethereum treasury assets by a wide margin with approximately $3 billion under management.