Ethereum's co-founder and ConsenSys CEO, Joseph Lubin, just dropped a bombshell on the crypto world, giving ETH bulls something to sink their teeth into. In a recent post on X, Lubin gave a hearty round of applause to Fundstrat’s Tom Lee for his optimistic view of Ethereum's future in traditional finance. And he stated:
“Yes, ETH will likely 100x from here. Probably much more.”
I am 100% aligned with almost all of what Tom @fundstrat says here.
— Joseph Lubin (@ethereumJoseph) August 30, 2025
Yes, Wall Street will stake because they currently pay for their infrastructure and Ethereum will replace much of the many siloed stacks they operate on (e.g. JPMorgam probably operates on several siloed stacks… https://t.co/bW93kkX1gW
Joseph Lubin Sees Massive Ethereum Growth
Now, if you didn’t know, Lubin isn’t just some crypto enthusiast. He’s a blockchain pioneer who co-founded Ethereum and has led ConsenSys since 2014, one of the largest Web3 software studios. Before diving into the decentralized world, Lubin was a VP at Goldman Sachs. So, he knows a thing or two about finance. He’s been pushing Ethereum to become the go-to platform for decentralized finance (DeFi) and smart contracts. And now, he’s putting his money where his mouth is, agreeing with Lee's bold prediction: Wall Street’s big dogs will soon stake Ethereum, operate L2s and L3s, and even write smart contracts to streamline their operations on Ethereum.
Take JPMorgan, for instance. They’ve been quietly using Ethereum-based tech for its permissioned blockchain projects for nearly 10 years. Now, they’re joined by other big players like Goldman Sachs and Onyx, as more and more institutions roll out stablecoins and DeFi projects on Ethereum.
Ethereum's Role in Traditional Finance Set to Surge According to Lubin
Since June 2025, treasury companies like Bitmine Immersion and Sharplink Gaming have scooped up 2.6% of all ETH in circulation. Institutional buyers now account for almost 5% of Ethereum’s total supply this year. And these corporate players? They’re not playing small. Bitmine and Sharplink are now sitting on over $6 billion in ETH, setting the bar for corporate adoption.
With Ethereum ETFs popping up, asset managers like BlackRock and VanEck are jumping in, investing billions of dollars into ETH for their clients. Looks like Ethereum is no longer just a hobbyist’s dream but a serious player in the institutional treasury space.
Wall Street’s Shift to Ethereum Could Fuel 100x Growth for ETH
But what makes Ethereum such a hot ticket? Well, VanEck’s CEO recently dubbed Ethereum “Wall Street’s token,” and Lubin couldn’t agree more. He argues that Ethereum’s true power comes from what he calls "decentralized trust," something legacy institutions are seriously lacking. As old-school finance moves from clunky, siloed systems to a slick, decentralized network, staking ETH is looking more like a necessity than a choice.
Lubin predicts that ETH will eventually “100x from here” and, wait for it, could even “flippen” Bitcoin’s monetary base. Talk about confidence!
Will This Be Ethereum's Hardest Month?
Now, Ethereum’s meteoric rise doesn’t come without its hurdles. September has historically been Ethereum’s roughest month, with an average -6.42% return since 2016. After a red-hot summer rally (76% up year-to-date, nearly 25% in August), a bit of a pullback might be on the horizon, especially with macroeconomic factors, monetary policy, and profit-taking potentially dragging prices down.
But don’t let that fool you. The long-term outlook remains strong. Institutional inflows are climbing, corporate treasury holdings are ticking up, staking yields are looking pretty sweet (~3% APY), and ongoing upgrades to Ethereum’s network are driving optimism. Lubin sums it up nicely:
“The one quibble I have with what Tom has been saying, and I keep telling him this: he is not nearly bullish enough.”
Matvii Diadkov
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