Tom Lee: Financial System Overdue for "21st-Century Upgrade" via Crypto Rails

Tom Lee said the financial system is overdue for a 21st-century upgrade, pointing to crypto rails as a faster, cheaper foundation for finance.
He noted that today's system relies on multiple legacy systems, intermediaries, and significant human intervention, and argued that moving transactions onto blockchain rails could improve speed, reduce errors, and lower costs.
Lee said the biggest unlock could be innovation, with assets not traditionally viewed as money becoming usable like money in a truly digital system.