Tom Lee, chairman of BitMine Immersion Technologies, told Korea Blockchain Week 2026 that crypto is entering what he called the biggest bull cycle ever.

His comments came alongside fresh Ethereum purchases that pushed BitMine closer to a bold ownership target.

What Is Driving Tom Lee’s Bull Market Call?

A bull cycle describes a sustained period of rising prices driven by strong demand and investor confidence. Lee pointed to Bitcoin trading above its 200-day moving average, a signal that has preceded eight of the past nine bull markets over 12 years. He also cited steady institutional inflows into Bitcoin products throughout September.

“I believe this crypto cycle…