🚨 $BMNR BITMINE CHAIRMAN TOM LEE
@fundstrat ON WHY THE AI SELL-OFF IS A "COILED SPRING":
"This is what I view as a coiled spring because the fundamentals have been holding in"
His history lesson:
"In 1997, 3 years after the launch of the public internet... Cisco, which was the biggest stock at the time, had a massive 50% drawdown... went down to 5, a year later was 18"
Why it's the same setup:
"Alan Greenspan was saying we had irrational exuberance, and then later kind of hinted at preemptive hikes, not too dissimilar to today"
His bottom line:
"ChatGPT is basically crossing its 3rd anniversary. I think we're so early in this AI trade that it's understandable for people to be worried" 👀