Andrew Kang, founder of crypto venture firm Mechanism Capital, did not hold back in his latest critique of BitMine’s Tom Lee’s latest Ethereum thesis. In a sharp post on X, Kang called it “one of the most r*tarded combinations of financially illiterate arguments I’ve seen from a well known analyst in a while.” Lee’s thesis leans heavily on stablecoin and real-world asset (RWA) adoption as a driver of Ethereum value. Kang argues this is deeply flawed: “Since 2020, tokenized asset value and stablecoin tran ...