BlockBeats News, April 20th, Bitmine Chairman Thomas "Tom" Lee stated: "We are seeing more and more signs indicating that the 'Mini Crypto Winter' is coming to an end. With the diminishing downside risks from the US-Iran conflict, ETH has rebounded by 41% from its early February low. Since the outbreak of the war, ETH has outperformed the S&P 500 index by 2,280 basis points and remains the best-performing asset globally (excluding the price of oil).

Ethereum continues to benefit from two major bullish narrative influences, including Wall Street asset tokenization on the blockchain and the increasing need for a public, neutral blockchain for proxy AI systems. In our view, ETH has become the best 'wartime store of value,' and its market leadership since the start of the war is of significant importance."

While many believe that the crypto winter may persist until the fall of 2026, our view remains that the crypto winter is nearing its end. Since 2015, each major crypto winter has coincided with at least a 20% stock market pullback. In fact, the 2025 crypto pullback synced with a 20% drop in the S&P 500 index. However, in 2026, the stock market pullback is more moderate, at only -8%."