Ethereum co-founder Joseph Lubin: 'ETH could increase 100 times from here'

Joseph Lubin, co-founder of Ethereum and CEO of Consensys, has just delivered a noteworthy message to ETH supporters. In a post on X, he praised Tom Lee from Fundstrat for his vision for the future of finance and the increasingly important role of Ethereum in traditional institutions.

"There is a possibility that ETH will increase 100 times from its current level. It could even be more than that."

Wall Street will bet on Ethereum

As one of the pioneers in the blockchain field, Joseph Lubin is best known for his role as a co-founder of Ethereum and as the founder and CEO of Consensys, the largest web3 software studio in the world. With a strong background in finance, having served as vice president at Goldman Sachs, Lubin has made significant contributions to the development of Ethereum as a leading platform for decentralized finance and smart contracts since 2014.

In light of Tom Lee's optimistic outlook, Lubin predicts a significant transformation in the global financial system: Wall Street giants will soon operate validators, deploy L2 and L3 solutions, as well as write smart contracts to transition their business infrastructure to the Ethereum platform.

For example, JPMorgan has been using Ethereum-based technology for blockchain projects with access for about a decade, along with Goldman Sachs, Onyx, and an increasing number of other major banks launching stablecoin and DeFi initiatives on Ethereum.

Since June 2025, treasury companies like Bitmine Immersion and Sharplink Gaming have added 2.6% of the total circulating ETH to their reserves.

When combined with the inflow of capital into new ETH ETF funds, institutional investors currently account for nearly 5% of the Ethereum supply this year. Sharplink and Bitmine are currently holding over 6 billion USD in ETH, setting industry standards for enterprise adoption.

With the approval of multiple Ethereum ETF funds, asset managers such as BlackRock and VanEck have invested billions of USD in ETH for their clients, marking a significant turning point in the adoption of Ethereum as a primary digital asset for institutional treasuries.

Why choose Ethereum? 'Decentralized trust'

The CEO of VanEck recently referred to Ethereum as the "token of Wall Street," and Lubin argued that Ethereum's transformative potential comes from "decentralized trust," a factor that Wall Street is in great need of.

As traditional organizations transition from fragmented infrastructure to unified decentralized solutions, staking ETH has become a requirement both technically and economically:

"Currently, no one on this planet can imagine how large and fast a strictly decentralized economy, saturated with artificial intelligence combining humans and machines, operating on Ethereum Trustware, could develop."

According to Lubin, not only will L2 and L3 solutions drive the usage of the Ethereum base layer, but "ETH is likely to increase by 100 times from here" and eventually "surpass the monetary base of Bitcoin/BTC."

September – The Challenge Month of Ethereum

The strong growth of Ethereum does not come without challenges. September is often seen as the toughest month for Ethereum, with an average return of -6.42% since 2016.

The combination of a strong price surge in the summer ( increasing by 76% since the beginning of the year, nearly 25% in the month 8), and seasonal trends could lead to a correction next month, especially as macro sentiment, monetary policy, and profit-taking could impact prices.

However, the fundamental factors remain optimistic. The net inflow of ETH from institutions, the stable increase in corporate treasury holdings, rising interest from staking (~3% APY), and continuous upgrades all indicate a positive long-term outlook, as Lubin stated:

"What I disagree with about what Tom said, and I always remind him: he is not optimistic enough."

Mr. Giáo