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

On August 30th, Joseph Lubin, the co-founder of Ethereum and the CEO of ConsenSys, stated that Wall Street will participate in staking because they are currently incurring costs for their infrastructure. Ethereum will replace many of the independent systems they operate (for example, JPMorgan Chase may operate multiple independent systems from banks it has acquired and absorbed). Wall Street firms will need to transform into traditional financial companies operating on a decentralized track, which means engaging in staking, running validation nodes, operating L2/L3, participating in decentralized finance (DeFi), and writing smart contracts for protocols, processes, and financial tools. The perception that L2 will cannibalize L1 will soon be disproven, as demonstrated 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 good relationship, and the only difference between us is that I have always told him that he is not sufficiently bullish.