Joseph Lubin: Wall Street Will Stake Ethereum — ETH Could Soar 100x and Overtake Bitcoin
On Aug. 30, COINOTAG cited ConsenSys CEO and Ethereum co‑founder Joseph Lubin, who noted that Wall Street institutions are likely to engage in Ethereum staking as they reassess the cost of maintaining disparate infrastructure across acquired banking units.
Lubin described a transition where incumbent financial firms operate as traditional entities on a decentralized backbone, encompassing activities such as staking, running validator nodes, deploying Layer 2/L3 architectures, and integrating DeFi primitives and smart contracts to standardize processes and financial tooling.
He further argued that the assumption Layer 2s will cannibalize Layer 1s is shifting—citing projects like Linea—and expressed a bullish outlook that ETH could attain broader monetary significance versus BTC, a view reflecting his perspective rather than market consensus.