Fundsrat’s Tom Lee Says Bitcoin Could Be the Most Profitable Product for JPMorgan and Goldman Sachs – Here’s Why
The investor Tom Lee says that Bitcoin Tououl Ep Up before
In a new interview on the compound, Lee compares the strategic reservation of Bitcoin to the concept of the American oil reserve, noting that for each dollar used to buy oil, more than $ 400 is to speak on the markets.
With so much speculation on petroleum, Lee says that countries need oil reserves to control supply and not be “whipped” by volatility.
The manager of research FUNDSETRAT indicates that if petroleum speculation works 400 times its market value, the BTC, as a global booking ratio adopted by the masses, the good is probably exchanged much simpler and could be the most profile of Goldman Sachs and JPMorgan Chase.
“Let’s say [Bitcoin] Becomes 10% of the net work of people and banks are starting to use it to secure information. Do not forget on the blockchain, you can simply store a pixel of a 10 million pages document but the HA secure information.
Well, it’s really precious, but then I could not control this blockchain or exercise a means of focusing it in one way or another? And once the banks are starting to exchange bitcoin, like Citadel, it will probably be the most professor for Goldman and JPMorgan …
And if oil is exchanged 400 times, Bitcoin could be a thousand times, it will be an extremely negotiable goods.
At the time of writing time, Bitcoin is negotiated at $ 86,785.
https://www.youtube.com/watch?v=JVBQFWYLSCY
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