Bitmine Chairman Tom Lee Predicts End of Bear Market at Consensus Miami 2026

Tom Lee, chairman of Bitmine, made a significant prediction at Consensus Miami 2026: the end of the bear market. He emphasized that tokenization and AI-driven financial services are the underlying narratives for a new bull market.

The key to this narrative is the recovery of Ethereum prices, which is crucial for Bitmine's valuation. The company holds approximately 4.976 million ETH, valued at about $12 billion, accounting for about 4.21% of the circulating supply. Around 67% of these tokens are staked, with an annualized staking yield of approximately $221 million.

Lee believes that if Bitcoin closes above $76,000 in May, it will confirm three consecutive months of positive monthly closes, historically marking the beginning of a new bull market. He also stated that native digital companies will use blockchain as a settlement layer, eliminating intermediaries and labor costs.