Tom Lee: BitMine shares are 80% correlated with ETH, and ETH will outperform BTC in this cycle

In comparison, BitMine Chairman Tom Lee posted an article listing 17 large cap stocks (with a market capitalization of over $2 billion) that are highly relevant to cryptocurrencies for reference by stock investors seeking crypto exposure. Among them, BMNR had the highest correlation with ETH at 80%, followed by COIN (74%); MSTR had the highest correlation with BTC at 78%, followed by COIN (74%).

Tom Lee said that it is expected that ETH will outperform BTC in this cycle, driven by tokenization and AI applications, and believes that this logic is far more important than the drivers for ETH to outperform cycles in the past.