Ethereum co-founder and Consensys CEO Joe Lubin discussed the growing significance of Ethereum in the global financial system, asserting that its value could exceed Bitcoin's.
Ethereum as the Foundation for Global Financial Infrastructure
Lubin made this bold statement on Rug Radio's *FOMO Hour*, emphasizing that Ethereum is not just a programmable platform but the emerging foundation for global financial infrastructure.
CITE_NA: 'We’re talking with sovereign wealth funds and major banks in a big country,' Lubin noted.
Sharplink Gaming's Investment in Ethereum
Just last week, Consensys led a $425 million private investment into Sharplink Gaming, which chose to denominate its treasury in Ethereum rather than fiat or Bitcoin. Lubin, who is now chair of the Sharplink board, highlighted that the company will actively use its ETH treasury for staking and other DeFi strategies.
Following this announcement, Sharplink’s stock rose by 400% over the month.
Ethereum's Institutional Advantages
Lubin notes that while Ethereum has underperformed Bitcoin and flashier competitors like Solana at times, ETH is building the rails of a decentralized financial future.
CITE_W_A: 'Ethereum is the world’s most trusted programmable asset,' he said, pointing to its role in DeFi protocols and enterprise smart contracts.
Joe Lubin's vision of Ethereum is not a prediction but a projection of reality. With sovereign funds and corporate activities building on Ethereum infrastructure, the idea of Ethereum surpassing Bitcoin is becoming increasingly viable.
