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 the X platform: I fully agree with Tom Lee, chairperson of Bitmine, that Wall Street will do ETH staking because they currently pay for infrastructure, and Ethereum will replace the many isolated stacks they operate, such as JPMorgan Chase may operate multiple isolated stacks from all the banks it has acquired and absorbed over the years. They need to fully understand the rules of the Ethereum game, because this game will be called... Finance, and they need to become a traditional financial company operating on a decentralized track, which means staking, running validators, operating L2/L3, etc., participating in DeFi and writing smart contract software for protocols, processes, and financial instruments, etc. This will be a relatively easy transition for JPMorgan, as they have been exploring and building their private blockchain network using Ethereum technology since 2014-2015, and many other Financial Institution Groups also have extensive Ethereum experience. The price of ETH could rise 100x or more in the future, and Ethereum/ETH will upend the monetary foundation of Bitcoin/BTC.