Tom Lee: 99% of financial activities still rely on traditional methods; banks need to be wary of lagging behind in their crypto transformation.

Bitmine Chairman Tom Lee stated that currently, approximately 99% of financial activity operates on traditional financial infrastructure, and investors and businesses are underestimating the growth potential of the crypto market. Financial institutions are ignoring the speed at which the traditional financial system is transitioning to crypto infrastructure, and banks that have not established crypto businesses or related infrastructure will face a competitive disadvantage.