Ethereum co-founder Joseph Lubin stated that ETH tokens may surpass Bitcoin's market cap within the next 12 months due to increasing corporate investor interest.
Corporate Strategies and Ethereum's Role
Lubin pointed out the growing corporate interest in creating reserves in ETH, similar to MicroStrategy's Bitcoin accumulation strategy. "If Bitcoin is worth $20 trillion, what could the global economy be worth on Web3 with decentralized technologies? We might see astonishing things in the next year, especially if corporate treasuries get involved," he said. According to him, these reserves will play a crucial role in the future.
Prospects for Wall Street Integration
Fundstrat's Tom Lee outlined three key directions that could propel ETH from its current $3,700 to $30,000: regulation of stablecoins, SEC initiatives for on-chain integration of traditional finance, and major financial institutions like JPMorgan and Robinhood developing on Ethereum. "Ethereum is where Wall Street meets crypto," he added.
Technical Indicators and Market Dynamics
Recent price changes in Ethereum reflect growing institutional interest. ETH rose over 6%, reaching $4,332. These changes largely reflect an improvement in the market landscape. Major financial analysts, such as Mike Wilson from Morgan Stanley, optimistically assess the current economic situation, which could positively impact digital asset prices, including Ethereum.
Lubin also dismisses threats from competing blockchains, claiming that no other ecosystem matches Ethereum's scale and maturity. With Ethereum marking its 10th anniversary and expanding into DeFi applications, the coming year could be a critical stage for the anticipated overtaking of Bitcoin.
