Bitmine Immersion Technologies (BMNR) Chairman Tom Lee expects the current market selloff to conclude within one week. Lee predicted a market rebound in March during a recent CNBC interview. This recovery forecast includes software stocks, the Magnificent Seven, and the cryptocurrency market.
BMNR will continue to purchase between $50 million and $100 million of Ethereum every week. Lee reaffirmed this strategy despite recent price weakness in the digital asset.
Lee expressed confidence in the strong fundamentals of Ethereum. He expects capital to rotate back into Ethereum after a near-term shift toward gold and silver.