Ethereum Co-founder: ETH Price Could Surge 100x in the Future, or Even More

BlockBeats News, August 30th, Ethereum co-founder and ConsenSys CEO Joseph Lubin stated that Wall Street will participate in staking because they are currently paying for their infrastructure, and Ethereum will replace many of the independent systems they operate (for example, JPMorgan Chase may operate multiple independent systems from banks they have acquired and absorbed).

Wall Street firms will need to become traditional financial companies operating on a decentralized track, which means staking, running validation nodes, operating L2/L3, participating in decentralized finance (DeFi), and writing smart contracts for protocols, processes, and financial tools. The notion that L2 will cannibalize L1 will soon be broken, as seen in projects like Linea and Proof of Burn.

The price of ETH may increase by 100 times or even more in the future. ETH will surpass BTC as the monetary base. Tom Lee and I have a friendly relationship, and the only disagreement I have with Tom is that I have always told him that he is not bullish enough.