The Bitmine chairman said Ethereum’s relative strength after softer inflation data strengthens the case for ETH as “on-chain money.”
ETH was the best-performing macro asset on the day of a mild CPI release, Bitmine chairman Tom Lee said in a post on X. He added that the move reinforces the argument that ETH functions as on-chain money, a framing that ties Ethereum’s market behavior to broader macroeconomic conditions and its role inside blockchain-based finance.