The head of the board of directors of BitMine, Tom Lee, stated that the current rally in gold and silver prices is natural and does not contradict the rise of other assets. However, according to him, the price of Bitcoin $BTC and Ethereum $ETH will rise when precious metals stop.

In Lee's opinion, precious metals confirm their status as a full-fledged asset class, with geopolitical tension, a weak dollar, and soft central bank policies serving as the drivers of growth.

The expert believes that the cryptocurrency market is still recovering from a massive reduction in leverage. At the same time, fundamental indicators are improving, and institutional interest is growing. He also noted that tokenization and blockchain continue to integrate with traditional finance.

BTCUSDT

Perp

65,651.9

-2.80%

ETHUSDT

Perp

1,918.89

-1.63%