Tom Lee: Bitcoin has increased 100 times over 8.5 years, and Ethereum is entering a similar super cycle

BitMine Chairman Tom Lee stated on social media that Bitcoin is a volatile asset. His company first recommended Bitcoin to clients in 2017 (with an allocation of 1% - 2%), when the price of BTC was around $1,000.

Over the past 8.5 years, BTC has experienced 6 declines of over 50% and 3 declines of over 75%. As of 2025, Bitcoin has increased 100 times compared to when it was first recommended. Tom Lee pointed out that to benefit from this 100-fold super cycle, investors must hold on during critical moments.

He explained that cryptocurrency prices reflect huge expectations for the future, and thus questioning can lead to volatility. Tom Lee believes that ETH is currently entering the same super cycle, but emphasized that the upward path is not a straight line.