Consensys CEO Predicts Ethereum Will Increase 100X, Flip Bitcoin Monetary Base

Ethereum (ETH) will increase by 100 times from its current price, according to Consensys CEO Joseph Lubin. Lubin believes that even this prediction is not bullish enough and that ETH will eventually flip Bitcoin's monetary base. He claims that Wall Street institutions will stake ETH as it becomes a core part of mainstream finance, replacing siloed stacks with decentralized infrastructure.

Joseph Lubin, the CEO of Consensys and one of the co-founders of Ethereum (ETH), has made a bold prediction that the price of ETH will increase by 100 times from its current level. Lubin, known for his bullish outlook on the cryptocurrency, believes that even this prediction is not overly optimistic. He further asserts that ETH will eventually surpass Bitcoin (BTC) in terms of monetary base, a phenomenon he refers to as the "flippening" [1].

Lubin's prediction is rooted in his belief that Ethereum will become a core component of mainstream finance. He argues that Wall Street institutions will inevitably stake ETH as it transitions to decentralized infrastructure, replacing the siloed systems currently in use. This shift, Lubin suggests, is driven by the need for more efficient and secure financial operations. He points to large institutions like JPMorgan and BlackRock as examples of those already preparing for this transition [2].

Lubin is not alone in his optimism. Tom Lee, a renowned analyst at Fundstrat, shares Lubin's view that ETH could experience a 100x rally. Lee has previously predicted that ETH could reach $60,000 in five years. Despite agreeing on the broader direction, Lubin contends that Lee is "not nearly bullish enough" [3].

Lubin's perspective is that trust is becoming the most valuable global commodity, and Ethereum is its foundation. He believes that the world has yet to fully grasp the potential of a decentralized economy powered by Ethereum, AI, and machine-driven networks. This trust-based value, Lubin argues, will drive ETH's growth and surpass Bitcoin's total monetary base.

References:
[1] https://u.today/lubin-ethereum-eth-will-100x-from-here
[2] https://en.coinotag.com/breakingnews/joseph-lubin-wall-street-will-stake-ethereum-eth-could-soar-100x-and-overtake-bitcoin/
[3] https://coingape.com/joseph-lubin-tom-lee-predict-100x-ethereum-rally/