Tom Lee says Bitcoin can be the most profitable product for JPMorgan and Goldman Sachs – Here’s the reason
Investor Tom Li -Li -Bitco says it may end up until it becomes the most profitable product in Wall Street Giants where the United States is going to make BTC one of the backup assets.
In a new interview on compound podcasts, Lee compares the strategic Bitcoin reserves to the concept of American petroleum reserves, noting that for every dollar used to buy oil, more than $ 400 is used to predict the markets.
With a lot of oil speculation, he tells me that countries need oil reserves in order to control supply and not get “Whipsaw” by volatility.
The Fundstrat Chief of Research says if oil speculation is 400 times in its market value, it is possible that BTC, as a global backup, adopted by the masses, is likely to be much more and can be the Goldman Sachs and JPMorgan Chase product.
“Let’s say [Bitcoin] It becomes 10 % of the pure value of people and banks begin to use it to secure information. Remember to Blockchain, you can just store one pixel from a 10 million -page document, but retail will discover if you have changed one pixel, and for this reason you will use bitcoin to secure information.
Well, this is really important, but the United States does not want to be able to control this Blockchain or exercise some of it to control it in one way or another? Once banks start bitcoin trading, such as Citadel, it is likely that the most profitable product of Coldman and Jpmorgan …
If the oil is traded 400 times, Bitcoin may be a thousand times, it will be a largely trading commodity. “
At the time of this report, Bitcoin is traded at $ 86,785.
https://www.youtube.com/watch?
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Follow us xfor Facebook and cable
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
