Consensys Chief Executive Joe Lubin anticipates Ethereum becoming the foundation of worldwide finance, exceeding Bitcoin.

Joe Lubin, co-founder of Ethereum and CEO of Consensys, posits that ETH may eventually surpass Bitcoin (BTC) in value, highlighting its functionality and significance in establishing a trust-based financial framework.

Lubin shared these insights during his guest appearance on Rug Radio’s FOMO Hour podcast, where he also disclosed that Consensys is engaged in discussions with sovereign wealth funds and prominent banks in a “very big” nation to develop infrastructure within the Ethereum ecosystem.

These discussions reportedly focus on creating institutional infrastructure within the Ethereum ecosystem, encompassing both layer-1 and tailored layer-2 solutions.

Lubin presented Ethereum as distinctly positioned to support the next stage of the global financial system. He noted that Ether’s functionality, which includes staking, restaking, and executing smart contracts, could provide it with an advantage as institutions transition towards blockchain-based infrastructures.

Institutional Ethereum adoption

These comments follow Consensys’ pivotal role in a $425 million private investment in the publicly traded SharpLink Gaming last week.

The firm, which offers online gaming products, plans to utilize the funds to create an Ethereum-denominated treasury. Lubin now serves as the chair of the SharpLink board.

In contrast to strategies focused on long-term Bitcoin accumulation, SharpLink’s treasury will actively utilize ETH through “staking, restaking, and DeFi at prudent risk levels,” as stated by Lubin.

This initiative is among the first of its kind and may indicate a broader transformation in how public companies and institutions engage with Ethereum.

SharpLink’s stock surged over 400% following the announcement and has increased more than 900% in the last month, despite recent market fluctuations.

Most trusted, programmable asset

In spite of recent underperformance relative to Bitcoin and newer competitors like Solana (SOL), Lubin depicted Ethereum as a network dedicated to long-term infrastructure development. These remarks come during a resurgence in ETH, which has started to outperform the leading cryptocurrency in recent weeks.

He described the protocol as systematically laying the groundwork for scalable DeFi, even if it has not generated the loud narratives that capture short-term interest in crypto markets. With sovereign funds showing interest in building financial infrastructure on Ethereum, the dialogue is evolving.

If governments start to incorporate Ethereum into their technological frameworks, or even hold ETH as a strategic asset, it could transform the competitive dynamics among digital currencies.

Lubin concluded by asserting that Ethereum’s worth is not solely in its price, but in its status as the world’s most trusted programmable asset. As trust, utility, and capital converge, the prospect of Ether exceeding Bitcoin in value appears increasingly plausible.

The post Consensys CEO Joe Lubin envisions Ethereum anchoring global finance, surpassing Bitcoin appeared first on CryptoSlate.