3D
...
Bitcoin may soon eclipse traditional commodities to become the most lucrative asset for financial giants such as Goldman Sachs and JPMorgan Chase according to investor Tom Lee. Speaking on The Compound podcast Lee drew parallels between the proposed Strategic Bitcoin Reserve and the US petroleum reserve highlighting Bitcoin’s potential in the face of US plans to adopt it as a reserve asset.
Lee suggested that just as oil reserves help stabilize market volatility Bitcoin could serve a similar strategic purpose but with significantly higher profitability. He emphasized that if Bitcoin becomes a core part of financial dealings and asset security its market speculation could far exceed that of oil potentially making it 1000 times more tradable.
As Bitcoin gains traction the need for a regulatory framework becomes apparent. Lee hinted at the possibility of the US exerting control over Bitcoin’s blockchain to ensure security and transparency making it an indispensable asset for top banks and a cornerstone of modern financial strategies.
