Joseph Lubin, founder of Consensys, has shared that Ethereum
He stated in an August 30 post on X that Wall Street firms will eventually run core operations through decentralized infrastructure, and that shift could change the demand for ETH.
According to Lubin, these institutions rely on isolated and expensive systems to manage financial processes. He argued that Ethereum can streamline this by replacing many of those separate systems.
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He stated that traditional firms will move from being centralized financial players to ones that operate on blockchain-based systems. This includes becoming a validator, staking ETH, joining layer-2 networks, developing smart contracts, and participating in decentralized finance.
In other words, Ethereum would not only be held on balance sheets, but it would also become part of the financial infrastructure itself.
Lubin also pointed to comments made by Tom Lee of Fundstrat Global Advisors, who predicted that Ethereum could surpass Bitcoin
He wrote that Ethereum would surpass Bitcoin’s monetary base and eventually outperform other commodities.
Recently, Bitcoin adviser Luke Broyles shared his views on what would happen if Bitcoin’s price were to climb into the millions. What did he say? Read the full story.
