Ethereum co-founder: ETH may rise 100 times in the future, surpassing BTC's monetary base

ChainCatcher message, Ethereum co-founder and ConsenSys CEO Joseph Lubin stated that Wall Street will participate in staking, as they are currently paying for their infrastructure, and Ethereum will replace many of the independent systems they operate (for example, JPMorgan may operate multiple independent systems from the 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 instruments. The notion that L2 will eat into L1 will soon be broken, as seen with Linea and Proof of Burn.

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