Can Ethereum keep beating Bitcoin in Q3? Tom Lee’s ETH thesis under pressure
The post Can Ethereum keep beating Bitcoin in Q3? Tom Lee’s ETH thesis under pressure appeared on BitcoinEthereumNews.com. Tom Lee’s Ethereum conviction heading into Q3 is starting to look like a well-timed move. For context, BitMine Immersion recently added another 42,197 ETH, taking its holdings to more than 5.74 million ETH. On the other hand, Michael Saylor’s Strategy sold 3,588 BTC, setting up an interesting ETH vs. BTC treasury debate as Q3 gets underway. Notably, this debate isn’t just playing out on social media. As the chart below shows, the ETH/BTC ratio has opened Q3 with a nearly 5% rally after three straight losing quarters. That suggests ETH is beginning to regain relative strength against BTC, supporting Tom Lee’s decision to keep accumulating Ethereum. Source: TradingView (ETH/BTC) However, Tom Lee’s conviction isn’t based on hope alone. In a recent post on X, BitMine said the improving odds of the CLARITY Act are the main reason behind its growing ETH position. Acco