Economist Peter Schiff warns that Ethereum (ETH) may soon fall below 3,000 USD after losing nearly 40% since August, wiping out profits for the year 2025. While Schiff believes that the collapse of the cryptocurrency market is inevitable, BitMine Immersion Technologies (BMNR) is acting contrary.
Backed by billionaires like Peter Thiel, Cathie Wood, and Tom Lee, BitMine is quietly accumulating ETH, becoming one of the largest publicly held Ethereum mining companies. Thiel's Founders Fund owns 9.1%, while Wood's ARK Invest holds over 4.8 million shares, demonstrating strong confidence in decentralized infrastructure. Under Tom Lee's leadership, BitMine remains optimistic about the long-term future of Ethereum. One side holds gold, the other side holds Ether — a test for both belief and investors' assets.
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Peter Schiff's warning about ETH targets Thiel and Lee's BitMine betting.
Economist Peter Schiff warns that Ethereum (ETH) may soon fall below 3,000 USD after losing nearly 40% since August, wiping out profits for the year 2025. While Schiff believes that the collapse of the cryptocurrency market is inevitable, BitMine Immersion Technologies (BMNR) is acting contrary.
Backed by billionaires like Peter Thiel, Cathie Wood, and Tom Lee, BitMine is quietly accumulating ETH, becoming one of the largest publicly held Ethereum mining companies. Thiel's Founders Fund owns 9.1%, while Wood's ARK Invest holds over 4.8 million shares, demonstrating strong confidence in decentralized infrastructure. Under Tom Lee's leadership, BitMine remains optimistic about the long-term future of Ethereum. One side holds gold, the other side holds Ether — a test for both belief and investors' assets.