BitMine Chairman Predicts New Bull Market Amid Economic Indicators

According to BlockBeats, BitMine Chairman Tom Lee recently discussed the potential onset of a new bull market during an interview on amit live. Lee emphasized that while the market has undergone risk adjustments earlier this year, particularly between February and April, two positive factors have yet to fully impact the market. Firstly, a shift to a dovish stance by the Federal Reserve could generate optimistic market expectations. Secondly, the U.S. ISM index remains below 50, indicating that the economy has not yet entered an expansion phase. A true bull market may emerge when this index surpasses 50 and the Federal Reserve begins to lower interest rates. Lee noted that such conditions would not only lead to a recovery in manufacturing but also drive market growth through advancements in artificial intelligence and reduced mortgage rates. From the perspective of institutional investors, these developments signal the beginning of a new bull market. Institutional investors view the market's low point in April as a period of forced risk reduction due to high volatility and uncertainty. Typically, under such conditions, institutional investors are unable to make purchases, opting instead to de-risk when visibility is lacking and market fluctuations are significant.