Tom Lee, Chairman of BitMine, has attributed the recent decline in Bitcoin's price to a market maker gap, which has led to increased volatility in the cryptocurrency market. Despite the fluctuations in Bitcoin, Lee highlighted Ethereum's stability and its strategic importance to BitMine's treasury, noting that the firm holds the largest ETH reserves globally. Lee expressed confidence in Ethereum's long-term growth, citing ongoing institutional support and its potential role in integrating blockchain with financial systems and AI. BitMine's focus on Ethereum underscores its belief in the cryptocurrency's future significance in the evolving digital economy.