Tom Lee: Traditional banks can leverage Blockchain and AI technology to achieve technological transformation, thereby enhancing their valuations.

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On October 15, Tom Lee stated in an interview on Bankless that JPMorgan is currently operated by 313,000 employees. However, a JPMorgan built on Blockchain might only need 20,000 employees, with operations being clearer, more visionary, and more efficient. With the use of artificial intelligence, JPMorgan could eventually become more like a technology company. "Banks can transition from trading based on tangible book value to actually trading based on price-to-earnings ratio." Walmart and Costco have price-to-earnings ratios of 35-50 times because they have systematized their operations. The same situation may arise for JPMorgan and other banks.

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