Joseph Lubin, a co-creator of Ethereum and current head of Consensys, has shared an optimistic view on Ethereum’s future. In a recent post on X, Lubin commended Fundstrat’s Tom Lee for his insightful perspective on the evolving financial landscape and Ethereum’s growing significance within established financial institutions.
“Yes, ETH will likely 100x from here. Probably much more.”
Joseph Lubin Predicts Wall Street Embrace of Ethereum Staking
Joseph Lubin, a prominent figure in the blockchain space, is recognized as one of the Ethereum’s co-founders, alongside leading Consensys as its CEO – a major web3 software development company. With a background in finance as a former VP at Goldman Sachs, Lubin has played a vital role in establishing Ethereum as a leading platform for decentralized finance applications and smart contract technology since 2014.
Echoing Tom Lee’s bullish sentiments, Lubin anticipates a significant transformation in global finance, suggesting that major Wall Street firms will soon become validators, manage Layer-2 and Layer-3 solutions, and employ smart contracts to integrate their business operations onto the Ethereum network.
JPMorgan, for example, has been using Ethereum-based technology for their private blockchain initiatives for about a decade. They are joined by institutions like Goldman Sachs and Onyx, alongside a growing number of prominent banks are exploring stablecoin ventures and DeFi applications on the Ethereum blockchain.
Since June 2025, corporate treasuries, including Bitmine Immersion and Sharplink Gaming, have accumulated 2.6% of the total ETH supply into their holdings.
Combined with the influx of capital into newly introduced Ethereum ETFs, institutional investors now account for nearly 5% of Ethereum’s supply year-to-date. Sharplink and Bitmine currently possess over $6 billion worth of ETH, establishing new standards for corporate adoption.
Furthermore, with the approval of several Ethereum ETFs, asset management companies like BlackRock and VanEck have allocated substantial capital into ETH for their clientele, marking a turning point in its acceptance as a core digital asset for institutional treasury portfolios.
Ethereum’s Appeal: “Decentralized Trust”
The CEO of VanEck recently called Ethereum “Wall Street’s token,” and Lubin emphasizes that Ethereum’s transformative potential stems from its “decentralized trust” – a feature that Wall Street greatly needs.
As traditional financial institutions transition from isolated and fragmented systems to integrated decentralized infrastructures, staking ETH is becoming both a technological and economic necessity:
“Nobody on the planet can currently fathom how large and fast a rigorously decentralized economy, saturated with hybrid human-machine intelligence, operating on decentralized Ethereum Trustware, can grow.”
According to Lubin, Layer-2 and Layer-3 solutions will not only increase the usage of the Ethereum base layer, but also “ETH will likely 100x from here,” eventually “flippen the Bitcoin/BTC monetary base.”
Historically September Challenges Ethereum
Ethereum’s current upward trajectory is not without potential setbacks. Historically, September has been Ethereum’s most challenging month, exhibiting an average return of -6.42% since 2016.
The combination of a strong summer rally (up 76% year-to-date, almost 25% in August) and historical seasonal trends may lead to a price correction in the coming month. This is particularly true as broader market sentiment, monetary policy adjustments, and profit-taking activities could impact prices.
However, underlying fundamental factors remain strong. Ongoing net ETH inflows from institutions, steady growth in corporate treasury holdings, increased staking yields (approximately 3% APY), and continued platform upgrades all suggest a positive long-term outlook. As Lubin states:
“The one quibble that I have with what Tom has been saying, and I keep telling him this: he is not nearly bullish enough.”