Tom Lee warns chip selloff in Korea and Taiwan spills over into crypto markets

BitMine Chairman Tom Lee says de-risking in the US, South Korea, and Taiwan is spilling into crypto markets. Korean chip stocks Samsung Electronics and SK Hynix dropped 19.74% and 28.38% between October 1 and 16, with the KOSPI falling 17% over the same period. Lee ties the regional equity selloff directly to crypto, noting that investors in those regions naturally create spillover pressure when they de-risk. BitMine holds ETH as its treasury asset, and Lee sees the current price decline as a risk/reward opportunity if fundamentals remain resilient.