X @Bankless

“JP Morgan… is operating supported by 313,000 employees. But a JP Morgan built on the blockchain might only need 20,000 employees and operate with far greater clarity, vision, and efficiency. … Using AI, JP Morgan may end up being more of a tech company.”"Banks could go from trading at price to tangible book to actually having a P/E multiple.”Walmart and Costco trade 35–50x earnings because they systematized their business.The same can happen with JP Morgan and other Banks.Tom Lee ( @fundstrat ) ...