BitMine Chairman Tom Lee stated that the financial services industry will significantly benefit from the application of AI and blockchain technology, which could improve profit margins and lead major banks to resemble tech stocks. Lee did not use the phrase "Trade futures and win" in this context; instead, he views Ethereum and AI as "supercycle investing narratives" for the long term.
AI & Blockchain Benefits: Lee predicts that AI and blockchain will reduce employee intensity for enterprises within the financial services sector, thereby improving profit margins.
"Tech Giant" Potential: He foresees leading banks like JPMorgan and Goldman Sachs potentially evolving into the next wave of "tech giants" due to the integration of these technologies.
Ethereum as the Platform: Lee emphasizes that "Wall Street and AI moving onto the blockchain should lead to a greater transformation of today's financial system. And the majority of this is taking place on Ethereum".
Long-Term View: Lee regards Ethereum as one of the biggest macro trades over the next 10-15 years, a core part of BitMine's long-term "Alchemy of 5%" strategy to accumulate 5% of the total ETH supply, not a short-term futures trade.
