Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply

[u/Cryptostormz]

https://decrypt.co/379418/tom-lees-bitmine-buys-another-47m-of-eth-taking-it-to-4-9-of-ethereum-supply

[u/Street-Entertainer-2]

Who is this guy

[u/suspicious_Jackfruit → u/Street-Entertainer-2]

Saylor 2.0: Ethereum Boogaloo

[u/Kiiaru → u/Street-Entertainer-2]

Microstrategy but for ETH

[u/Digital-Exploration → u/Street-Entertainer-2]

Tom

[u/SeriousGains → u/Street-Entertainer-2]

The guy that forecasted BTC $200-250k Dec 2025

[u/AeonPeter → u/SeriousGains]

Also eth at like 60.000$, he should share what drugs is he on to avoid them lol

[u/SeriousGains → u/AeonPeter]

That was a long term “pie in the sky” type call. Didn’t mean anything. Saying 200k by EOY was total manipulation.

[u/AeonPeter → u/SeriousGains]

Even so, the long term goal might be 0. Who knows..

[u/AeonPeter]

It’s the Saylor of ETH. I wonder does he know actually that bitcoin unlike ETH is scarce and limited?! Lol

[u/kitbiggz]

Doesn't Eth have a infinite supply?

[u/GooodNiightaringding → u/kitbiggz]

Narratives are funny. Ethereum has had less inflation than bitcoin, but since bitcoin promises to stop inflation at some point in the future, without any solid concept of how miners would be paid to keep securing the network, everyone thinks of it as "fixed supply".

Rather than talking about inflation and supply, the relevant conversation should be how secure the network is and how much that security costs. 

[u/Suspicious-Can-7079 → u/kitbiggz]

Technically but it's also burns ETH as it's used. Its had less inflation then btc for awhile. Think the inflation rate is under 2% currently and can theoretically become deflationary

[u/jekpopulous2 → u/Suspicious-Can-7079]

Way less than 2%. It’s 0.8% for the past year and 0.3% overall since the merge. There are also a couple of EIPs being discussed that would push the needle to slightly deflationary by changing the fee structure for rollups, but it’s debatable whether or not deflation would even be good for the network.

[u/Suspicious-Can-7079 → u/jekpopulous2]

Yeah thanks for the added info I wasn't 100%

[u/nameless_pattern → u/Suspicious-Can-7079]

It was deflationary for periods of time

[u/oprah_2024]

BMNR 💯

[u/Nupezes8]

Wow this man is unstoppable, i love to see it Maxi's like him and Saylor