Tom Lee Declares Burst Bubble in Crypto Treasury Sector
The digital asset treasury (DAT) sector has faced a correction, according to Tom Lee, chairman of BitMine, in an interview with Fortune.
“If this isn’t a burst bubble, then what is?” he remarked.
According to the expert, currently, 80% of firms focused on accumulating cryptocurrencies are trading below the net value of their crypto assets. The market values these companies lower than the tokens they hold.
However, this indicates not a collapse but increased selectivity among investors, Lee…
