Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Peter Schiff's warning about ETH targets Thiel and Lee's BitMine betting.

robot
Abstract generation in progress

Economist Peter Schiff warns that Ethereum (ETH) may soon fall below 3,000 USD after losing nearly 40% since August, wiping out profits for the year 2025. While Schiff believes that the collapse of the cryptocurrency market is inevitable, BitMine Immersion Technologies (BMNR) is acting contrary.

Backed by billionaires like Peter Thiel, Cathie Wood, and Tom Lee, BitMine is quietly accumulating ETH, becoming one of the largest publicly held Ethereum mining companies. Thiel's Founders Fund owns 9.1%, while Wood's ARK Invest holds over 4.8 million shares, demonstrating strong confidence in decentralized infrastructure. Under Tom Lee's leadership, BitMine remains optimistic about the long-term future of Ethereum. One side holds gold, the other side holds Ether — a test for both belief and investors' assets.

ETH1.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)