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Tom Lee Says Crypto Is A ‘Huge Winner’ As Banks Move Toward Tech-Style Valuations, While Dan Ives Calls AI A ‘Two-Horse Race’

Tom Lee Says Crypto Is A ‘Huge Winner’ As Banks Move Toward Tech-Style Valuations, While Dan Ives Calls AI A ‘Two-Horse Race’

  • BMNR’s Chairman Tom Lee said financial firms will start trading like tech stocks as AI and blockchain reshape their industry.

  • Wedbush’s Dan Ives stuck to AI, calling the AI race a “two-horse race” between the U.S. and China.

  • The comments followed Fundstrat’s stock list update last month, which added JP Morgan as a buy.

Bitmine Immersion Technologies Inc. (BMNR) Chairman Tom Lee said big banks should be valued more like tech companies as AI and blockchain alter the industry. He dubbed crypto a “huge winner.” Wedbush’s Dan Ives, on the same panel, called the artificial intelligence (AI) contest a “two-horse race.”

In a panel discussion at the Future Proof conference, Lee said banks are not…

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