Ethereum co-founder: ETH could rise 100x and surpass Bitcoin
Ethereum co-founder and ConsenSys CEO Joseph Lubin said that Wall Street’s adoption of Ethereum will transform traditional finance, with ETH potentially rising 100 times in value and overtaking Bitcoin’s monetary base.
Speaking on August 30, Lubin argued that financial institutions will increasingly integrate Ethereum into their operations, using staking, validator nodes, Layer 2 and Layer 3 solutions, decentralized finance (DeFi), and smart contracts to modernize infrastructure. He noted that large banks like JPMorgan, which still operate multiple siloed systems inherited from acquisitions, could significantly reduce costs by shifting to Ethereum-based rails.
Lubin dismissed the long-standing debate that Layer 2 networks would cannibalize Ethereum’s Layer 1. He pointed to projects like Linea and Proof of Burn as proof that scaling solutions will reinforce the base layer rather than weaken it.
Looking ahead, Lubin said the value of Ethereum could rise 100-fold, or more, surpassing Bitcoin’s monetary base. “ETH will surpass BTC in monetary base,” he stated, adding that he often tells strategist Tom Lee of Fundstrat that his forecasts are not bullish enough.
Lubin dismissed the long-standing debate that Layer 2 networks would cannibalize Ethereum’s Layer 1. He pointed to projects like Linea and Proof of Burn as proof that scaling solutions will reinforce the base layer rather than weaken it.
Looking ahead, Lubin said the value of Ethereum could rise 100-fold, or more, surpassing Bitcoin’s monetary base. “ETH will surpass BTC in monetary base,” he stated, adding that he often tells strategist Tom Lee of Fundstrat that his forecasts are not bullish enough.
