Ethereum co-founder Joseph Lubin: ETH may rise 100 times in the future, Wall Street needs to understand the rules of the game

ChainCatcher message, Ethereum co-founder Joseph Lubin expressed on the X platform that he completely agrees with Bitmine Chairman Tom Lee's viewpoint that Wall Street will engage in ETH staking, as they are currently paying for infrastructure costs, and Ethereum will replace many of the isolated stacks they operate, such as the multiple isolated stacks that JPMorgan may operate from all the banks it has acquired and absorbed over the years.

They need to fully understand the rules of the Ethereum game, as this game will be called… finance. Wall Street needs to become a traditional financial company operating on a decentralized track, which means staking, running validators, operating L2/L3, participating in DeFi, and writing smart contract software for protocols, processes, and financial instruments, among other things.

For JPMorgan, this will be a relatively easy transition, as they have been exploring and using Ethereum technology to build their private blockchain network since 2014-2015, and many other financial institutions also have rich experience with Ethereum.

The price of ETH may rise 100 times or even more in the future, and Ethereum/ETH will disrupt the monetary foundation of Bitcoin/BTC.