Co-founder of Ethereum Joe Lubin is optimistic about cryptocurrencies, saying that “momentum is unstoppable”
One of the biggest Ethereum conferences, ETH Denver, saw a general uptick in optimistic mood among participants.
The CEO of Consensys and co-founder of Ethereum, Joe Lubin, concurs, saying that great things are yet to come.
The present “super cycle,” the possible advantages of BTC and ETH ETFs for retail investors and the developer-focused community, and the increasing necessity for decentralization in numerous industries were among the many subjects covered by Lubin during a chat that Crystal Kim of Axios hosted on February 29th.
“We are preparing for a new system around the globe,” he stated when asked about the trigger for the next super cycle, adding that they are in the midst of the fourth turning.
“You could also think of it as a monetary super cycle, in which the world’s monetary systems reach the end of their useful lives mainly because of interest, and there’s too much debt in the system because some generations messed up the monetary system and other parts of the financial system.”
Cryptocurrencies provide decentralized trust, in contrast to the present centralized, top-down trust approach, which Lubin emphasized.
Crypto was born at a time of limited and regulated money, he said, but it provides a revolutionary paradigm change towards decentralized trust.
Crypto supporters and investors have celebrated a major milestone with the approval of spot Bitcoin ETFs, which they had been waiting for almost seven years.
But there are still worries that large financial institutions may water down Satoshi Nakamoto’s original Bitcoin idea.
“The floodgates are open today, and there’s a great amount of wealth flowing into the crypto ecosystem,” Lubin said when questioned about the effects of spot Bitcoin ETFs and the possibility of an ETH ETF.
“One positive aspect is that capital will continue to pour into our ecosystem, and politicians and regulators will have a hard time stomping on people’s investments.”
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