Tom Lee: VC's calculation of price-to-sales ratio for store-of-value assets signals a market bottom
Jinse Finance reported that Ryan Sean Adams, co-founder of Bankless, stated, "Market sentiment is so extremely low that VCs have started calculating the price-to-sales ratio for store-of-value assets." Tom Lee, chairman of Ethereum treasury company BitMine, responded, "This is a bottom signal."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Suspected Wintermute wallet has accumulated SYRUP worth $5.2 million over the past two weeks
Polymarket shows a 72% probability that Lighter's FDV will exceed $1 billion on the day after launch
A certain whale doubles down on ETH long positions again, with holdings valued at $60.93 million.
Paradigm co-founder: This is the Netscape or iPhone moment for cryptocurrency
