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Odaily Planet Daily reported that Tom Lee, chairman of the Ethereum treasury company Bitmine Immersion (BMNR) and co-founder of Fundstrat, stated during an interview with CoinDesk TV that despite the market rebounding, many investors still do not believe in the authenticity of this round of market activity, which is key to driving further increases in crypto assets. Lee pointed out that since 2020, investors have repeatedly underestimated each market recovery, calling the rebound that started in April this year the "most underestimated V-shaped reversal in history." He noted that traditional finance is "steadily and quietly" entering the crypto market, especially Ethereum, whose legal clarity and technical stability make it the preferred platform for Wall Street to promote tokenization. Bitmine currently holds 625,000 ETH, with total assets nearing $2.8 billion and almost no debt. Lee confirmed that the company is advancing a $1 billion share buyback plan, aiming to accumulate 5% of the ETH supply. At the same time, Lee predicts that the upcoming interest rate cuts by the Federal Reserve could drive Bitcoin up to $250,000. He believes that the current price of ETH is $3,700, but based on the network fundamentals, its fair valuation should be $15,000, and he emphasized that "we are not at the top yet, we are only in the mid-cycle." (CoinDesk)