Bitmine Chairman Tom Lee stated that most investors perform poorly in growth investing by focusing excessively on a project's current activities rather than the potential enabled by new technology. Lee emphasized that successful growth investing requires establishing a clear base case and fully understanding the total addressable market (TAM) to avoid underestimating future opportunities. Lee noted that investors often mistakenly assume future opportunities are limited to existing markets, causing them to overlook significant growth potential. While new technology introduces uncertainty and speculation, he argued that market participants tend to overemphasize risks at the expense of recognizing innovation-driven opportunities.