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

Joseph Lubin, co-founder of Ethereum, wrote on X platform: I fully agree with Bitmine Chairman Tom Lee's view that Wall Street will stake ETH, as they are currently paying infrastructure costs, and Ethereum will replace many isolated stacks they operate, such as JPMorgan may operate multiple isolated stacks from all the banks it has acquired and absorbed over the years, they need to fully understand the Ethereum game rules, because this game will be called... finance, they need 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 tools, etc. 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 extensive Ethereum experience. The price of ETH may rise by 100 times in the future, or even more, Ethereum/ETH will disrupt the currency base of Bitcoin/BTC.