Consensys CEO Joe Lubin envisions Ethereum anchoring global finance, surpassing Bitcoin
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Ethereum co-founder and Consensys CEO Joe Lubin believes ETH could ultimately become more valuable than Bitcoin (BTC), citing its utility and role in building a trust-based financial infrastructure. Lubin made the comments during an appearance on Rug Radio’s FOMO Hour podcast, where he also revealed that Consensys is in talks with sovereign wealth funds and major banks in a “very big” country to build infrastructure across the Ethereum ecosystem. These talks reportedly center on building institutional infrastructure within the Ethereum ecosystem, including both layer-1 and customized layer-2 solutions. Lubin framed Ethereum as uniquely positioned to anchor the next phase of the global financial system. He added that Ether’s utility, ranging from staking and restaking to smart contract execution, could give it an edge as institutions shift toward blockchain-based infrastructure. Institutional Ethereum adoption The remarks follow Consensys’ lead role in a $425 million private investment into publicly listed SharpLink Gaming last week. The company, which markets online gaming products, will use the capital to establish an Ethereum-denominated treasury. Lubin now chairs the SharpLink board. Unlike strategies centered on long-term Bitcoin accumulation, SharpLink’s treasury will actively deploy ETH through “staking, restaking, and DeFi at prudent risk levels,” according to Lubin. The move is among the first of its kind and could signal a broader shift in how public companies and institutions approach Ethereum. SharpLink’s stock jumped over 400% following the announcement and has risen more than 900% in the past month, despite recent volatility. Most trusted, programmable asset Despite recent underperformance compared to Bitcoin and newer challengers like Solana (SOL), Lubin portrayed Ethereum as the network focused on long-term infrastructure. The comments come amid a resurgence in ETH, which has begun to outperform the flagship crypto in recent weeks. He characterized the protocol as methodically building the foundation for scalable, DeFi, even…
Filed under: News - @ June 3, 2025 11:22 pm