Ethereum’s path to dominance is no longer speculative. According to Ethereum co-founder and Consensys CEO Joe Lubin, the network’s deep utility and institutional driving power could see ETH surpass Bitcoin in value as global finance moves to blockchain-based systems.
Lubin made the bold claim on Rug Radio’s FOMO Hour podcast, where he described Ethereum not just as a programmable platform but the emerging foundation for global financial infrastructure.
“We’re talking with sovereign wealth funds and major banks in a big country,” Lubin said, referencing discussions about deploying Ethereum-based systems for institutions.
While Bitcoin has always been seen as “digital gold”, Lubin argues that Ethereum’s dynamic architecture which are staking, restaking, smart contracts, DeFi, makes it more adaptable to the evolving needs of programmable money.
Sharplink Gaming Investment
Just last week, Consensys led a $425 million private investment into Sharplink Gaming, a public online gaming company. The company reportedly announced it would denominate its treasury in Ethereum instead of fiat or Bitcoin.
Lubin, who is now chair of the Sharplink board, said the company would actively use its ETH treasury for staking, restaking and other DeFi strategies within prudent risk thresholds. This was the first public case of an Ethereum-denominated corporate treasury.
The market responded quickly. Market sources report that Sharplink’s stock went up 400% and 900% in the last month despite the market volatility.
ETH’s Institutional Advantage: Utility Over Hype
While Ethereum has underperformed Bitcoin and flashier rivals like Solana (SOL) at times, Lubin said ETH is building the rails of a decentralized financial future.
“Ethereum is the world’s most trusted programmable asset” he said, pointing to its role in DeFi protocols, enterprise smart contracts and sovereign blockchain applications.
This could change how governments and institutions approach digital assets. He believes that if governments start holding ETH as a strategic asset or integrate it into their financial infrastructure, it could change the game.
He contrasted this with Bitcoin. While Bitcoin is the biggest cryptocurrency by market cap and will always have long term holders, it’s static. ETH is flexible through EVM compatibility, layer-2 scalability solutions and continuous upgrades.
Possible Implications: Global Finance Is Listening
Lubin’s comments mean the biggest battle may not be ETH vs. BTC, but programmable infrastructure vs. passive digital storage. Institutions are paying attention. Conversations with sovereign wealth funds and central banks, once abstract, now are about real timelines and infrastructure rollouts on Ethereum.
This coincides with increasing US regulatory clarity. As the SEC approved ETH ETFs, Ethereum’s credibility as an investment vehicle has only grown.
The timing may be perfect. With inflation fears re-emerging globally and central banks exploring alternatives to fiat-backed systems, Ethereum’s on-chain economics and transparent governance may become more attractive.
Conclusion: Ethereum’s Value Narrative Is Changing
Consensys CEO Joe Lubin’s vision is not a prediction, it’s a projection of Ethereum’s reality. With sovereign funds and institutional players building on Ethereum infrastructure, and corporations starting to denominate assets in ETH, the idea of Ethereum surpassing Bitcoin is no longer far-fetched.
This is a switch in how ETH value is perceived: not just as a static store, but as programmable infrastructure that adapts, scales and enables the next chapter of digital finance.
As Lubin put it, Ethereum’s “trust, utility and capital convergence” may be the trigger that tips the scale.
FAQs
What did Consensys CEO Joe Lubin say about Ethereum surpassing Bitcoin?
Joe Lubin thinks Ethereum could be more valuable than Bitcoin because of ETH’s utility in programmable finance and its growing role in institutional infrastructure.
Why does Consensys CEO Joe Lubin think Ethereum has more long-term value?
Lubin pointed to staking, smart contracts and DeFi as features that make Ethereum more practical for institutions than Bitcoin.
Which companies are using Ethereum for treasury?
SharpLink Gaming is the first public company to announce an Ethereum-denominated treasury, using ETH for staking and DeFi.
Are governments interested in Ethereum?
Lubin said Consensys is talking to sovereign wealth funds and banks to build on Ethereum’s network.
Glossary
Ethereum (ETH): A platform for building and running smart contracts and decentralized apps.
Staking: Locking up crypto assets to support blockchain operations and get rewards.
Restaking: Using already staked tokens to secure other blockchain networks or protocols.
DeFi (Decentralized Finance): A financial system built on blockchain that has no intermediaries like banks.
Smart Contract: A self-executing contract with the terms written in code.
Sources
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