Investor Tom Lee believes that Bit could become the most profitable product for Wall Street giants as the United States continues to make BTC a reserve asset.

In a recent interview on The Compound podcast, Lee compared the strategic Bit Reserve Fund to the concept of the United States' oil reserves, noting that every dollar spent on buying oil is often accompanied by more than $400 used for speculation in the market.

With speculation in oil being too large, Lee advises countries to have oil reserves to control supply and avoid being "suddenly" affected by volatility.

The head of research at Fundstrat said that if speculation in oil is worth 400 times its market value, BTC - as a widely accepted global reserve asset - could be traded much more and become the most profitable product for Goldman Sachs and JPMorgan Chase.

"Suppose Bit accounts for 10% of everyone's net assets and banks start using it to secure information. On the Block, you only need to store a pixel in a document up to 10 million pages long, but the Hash will easily detect even the slightest change of a single pixel. Therefore, Bit will be the ideal tool to protect information. This is truly very valuable, but will the United States want to control the TRON or try to censor it? And when banks like Citadel start trading BTC, this could become the most profitable product for Goldman Sachs and JPMorgan... If speculation in oil can be 400 times its value, BTC could be traded thousands of times, becoming a huge tradable commodity."

At the time of writing, the price of Bit is trading at $84,459.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.

Join Telegram: https://t.me/tapchibitcoinvn

Twitter (X): https://twitter.com/tapchibtc_io

Tiktok: https://www.tiktok.com/@tapchibitcoin

Youtube: https://www.youtube.com/@tapchibitcoinvn

Minh Anh