Tom Lee: Why Crypto Firms Are Beating JP Morgan

The most profitable bank in the world today is JP Morgan, which is projected to make $60 billion this year, which is a huge number, and they need 300,000 employees to do that. Jane Street is a crypto trading firm. They made $40 billion last year, which is almost as much money as JP Morgan, but with only 3,000 employees.They're much better with earning profit per employee or return on invested capital. Companies using blockchain as settlement eliminate a lot of processes and people, and then they end up maki ...