Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisor, thinks Visa could be a "long term winner" in the digital asset world.
On last week's episode of The Scoop, Lee told The Block that players like Visa, MasterCard and Facebook will likely emerge as market leaders, but that isn't the backbone of Fundstrat's investment thesis.
"The crypto piece of any traditional equity today is really a call option because it's not going to be the source of intrinsic value or the central thesis for any of these companies," he said.
Still, Lee said he thinks companies like Visa will become "huge winners" in a decentralized finance world supplanting many bank functions. Read More...