[Tom Lee: We Are at the Beginning of a New Bull Market] BlockBeats News, August 27 – Tom Lee, Chairman of the Board at BitMine, recently stated during an interview on amit live, 'We are at the beginning of a new bull market. The reason I call this a new bull market is not because we haven't experienced prior risk adjustments. For instance, between February and April of this year, many people liquidated their positions. However, we have yet to see the impact of two positive factors: First, if the Federal Reserve shifts to a dovish stance, it will bring some positive market expectations. Second, the U.S. ISM Index has consistently remained below 50, which indicates that the economy has not yet entered a true expansion phase. Only when this index exceeds 50 and the Federal Reserve begins to cut interest rates can we truly see the arrival of a bull market. At that point, not only will the manufacturing sector recover, but the development of artificial intelligence and the reduction in mortgage rates will further drive the market upward. So, from the perspective of institutional investors, this is indeed a new bull market.' Institutional investors believe that the low point in April this year was a period of forced risk-off behavior, as volatility was high and uncertainty was significant at the time. Typically, when institutional investors face such conditions, they are unable to buy in—when visibility is lacking and market volatility is high, they tend to de-risk.