Tom Lee: U.S. Stock Market Bull Run Still Strong, Cryptocurrency the Only Way for Tokenization
BlockBeats News, June 7th, Tom Lee, Chairman of BitMine, Ethereum's largest treasury, stated that one should not be misled by misinformation, as the current bull market in stocks remains strong. Furthermore, cryptocurrency is the only way to achieve tokenization, and in the future AI-driven world of machine-to-machine interaction, cryptocurrency will play a key role.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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