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Consensys CEO predicts 100x Ethereum Surge from Wall Street


Consensys founder Joseph Lubin said the massive Wall Street adopted Ethereum will eventually see the ether which progresses 100 times and flipped Bitcoin as a “financial base.”

In an X post on Saturday, Ethereum co-founder said Wall Street would get Ether because they are currently paying for their infrastructure and Ethereum will “be replaced by many of the many sileled stacks they run.”

This will lead to massive demand for ownership, and a huge increase from the current levels, he predicted.

“ETH is probably 100x from here. Perhaps more.”

He added that financial institutions need to be Tradfi companies that operate on decentralized metals, and that means staking, running validators, operating layer-2 networks, participating in Defiand writing smart contract software for agreements, processes and financial instruments.

Last week, Vaneck CEO Jan Van Eck Called ether (Eth) “The Wall Street token,” which says banks must adopt a network to facilitate stablecoin transfer or risk of falling.

Ether has a long way to —flip the bitcoin

Lubin said he was also “100% aligned” with Fundstrat Global Advisors Managing Partner Tom Lee.

“Yes, Ethereum/Eth will flipppen the Bitcoin/BTC finance base,” he said.

Related: The Ether Break below ‘Tom Lee’ Trendline: Is a 10% going in?

However, Ether is still around a -quarter of Bitcoin size in the current market capitalization, which means there is still a long way. The dominance in the crypto market has doubled since April though, and is currently 14.3%, According to In tradingview.

Ether is the “highest octane” decentralized goods of trust

Lubin, who is also the world’s second largest largest Treasury Company company, Sharpink Gaming, added that Lee “is not bullish enough.”

“No one on the planet will currently be able to fatally how much and fast a strictly decentralized economy, full of human-machine intelligence, which operates in decentralized Ethereum trustware, can grow,” he said, and adding:

“Trust is a new kind of virtual commodity. And ETH, the highest octane decentralized goods of trust, will eventually flippen all other goods on the planet.”

“Joseph Lubin’s prophecy of Ethereum Flipping Bitcoin’s Monetary Base reflects institutional clients, which further provides the ownership of the ETH treasury because of its potential yields and roles in the tokenization ecosystem,” Nassar Achkar, chief official of the coinw Crypto Exchange, said.

While Bitcoin remains the dominant store of value, “Ethereum’s adoption and Wall Street adoption of staking and defi metals can accelerate ‘flippening’ by changing ETH to both a productive possession and the foundation of the layer for global financial infrastructure,” he added. ”

Stablecoins in Ethereum View Exponential Growth

Meanwhile. reported Token terminal on Saturday.

“Stablecoin’s demand seems to be exponential to Ethereum,” Commented Tom Lee the next day.

Stablecoin supply to Ethereum has moved forward. Source: Token terminal

Ether got up on the weekend, approaching the $ 4,500 level but failed to break the resistance there, returning to the bottom $ 4,400 during early trading on Monday morning.

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