Ethereum Co-Founder in Talks With 'Major Sovereign Wealth Funds'—Will They Buy ETH?
Joe Lubin, CEO of Consensys, announced discussions with major sovereign wealth funds and banks in a significant country about building on the Ethereum ecosystem. He predicts a new decentralized supercycle for Ethereum, citing structural issues in the financial system as a catalyst for change. Lubin emphasized that decentralized protocols could lead to a new global financial system. He mentioned that SharpLink Gaming, which Consensys invested in, will create an Ethereum treasury focused on staking and DeFi to generate yield. Despite Ethereum's recent price struggles, Lubin remains optimistic about its future potential, suggesting it could surpass Bitcoin in value due to its capabilities as a productive asset. He views Ether as a high-trust commodity, comparable to electricity or oil.
