Tom Lee Highlights Profitability of Crypto Banks Compared to Traditional Banks

PANews posted on X (formerly Twitter). In a recent interview, Tom Lee from Fundstrat highlighted a significant comparison between Tether and JPMorgan Chase. Despite having only about 300 employees, Tether achieves profit levels comparable to JPMorgan Chase, which employs 330,000 people. This stark contrast is not merely a matter of efficiency but indicates the emergence of two distinct business structures. Lee suggests that while the crypto industry has not yet been fully embraced by the mainstream, the trend is rapidly shifting. He warns that Wall Street might attempt to reshape the narrative to fit the crypto industry's value into traditional frameworks. However, he believes that native blockchain companies, which operate in an open-source, on-chain automated manner, might be better suited for the future corporate landscape.