Tom Lee Uses BlackRock’s Bitcoin Report to Pitch Ethereum as AI’s Verification Layer

Tom Lee, chairman of Bitmine Immersion Technologies, said BlackRock’s new Bitcoin report reinforces the case for Ethereum (ETH). He pointed to artificial intelligence (AI) and robotics as the reason.

BlackRock’s paper, called “Re-Underwriting Bitcoin,” examined Bitcoin’s more than 50% decline from its October 2025 high. It said capital had rotated into AI-themed equity funds instead.

What Lee Argued Lee, who also co-founded Fundstrat, wrote on X that AI capabilities are advancing along a steep S-curve. He said recent research points to AI systems developing a form of collective coordination.

🧵1/Crypto more relevant today given the rapidly increasing capabilities of AI and robotics. Agree with @BlackRock take to see growing use cases.