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BitMine Immersion Technologies Inc. Chair Tom Lee said on Monday that the “cryptocurrency winter” is nearing its end, paving the way for a “cryptocurrency spring.”

Why Lee Thinks Crypto Winter Is Over

In his latest message to shareholders, Lee stated that an Ethereum close above $2,100 in May would mark three straight months of gains for the cryptocurrency.

“There’s never been a crypto winter where Ethereum has closed up three consecutive months in a row,” the Wall Street analyst said. “In other words, the fact that we’re up three months in a row means crypto winter is over.”

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