Tom Lee Calls The End Of Crypto Winter Once Again, BitMine Chair Says Ethereum Performing As ‘Wartime’ Store Of Value
Posted On May 12, 2026
BitMine Immersion Technologies Inc. (NYSE:BMNR) Chair Tom Lee said on Monday that the “cryptocurrency winter” is nearing its end, paving the way for a “cryptocurrency spring.”
Why Lee Thinks Crypto Winter Is Over
In his latest message to shareholders, Lee stated that an Ethereum (CRYPTO: ETH) close above $2,100 in May would mark three straight months of gains for the cryptocurrency.
“There’s never been a crypto winter where Ethereum has closed up three consecutive months in a row,” the Wall Street analyst said. “In other words, the fact that we’re up three months in a row means crypto winter is over.”
That said, Lee acknowledged the “fog of war” caused by the geopolitical pressures of the Iran conflict.
Ethereum: A Wartime Store Value?
Lee further emphasized Ethereum’s strong performance since …
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