“Yes, most likely ETH will rise 100 times from its current level. Maybe even more,” he stated.
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
He explained that eventually Wall Street companies will have to move onto “decentralized rails,” replacing their isolated systems with Ethereum’s decentralized infrastructure. Firms will start staking, running validators, managing L2 networks, and participating in DeFi.
Lubin’s comments came in response to Fundstrat managing partner Tom Lee, who earlier in August suggested that Ethereum would overtake Bitcoin by market cap. The ConsenSys founder agreed with this view.
Despite the optimism, ETH still significantly lags behind the first cryptocurrency: its market value is about 25% of Bitcoin’s, with a market dominance of 14.3%. However, Lubin emphasized that even bullish forecasts from colleagues are “not optimistic enough.” In his view, no one can yet fully assess the potential of Ethereum’s decentralized economy.
“No one right now can even imagine how fast and how massively a fully decentralized economy can grow — combining human and machine intelligence and operating on Ethereum’s decentralized platform. Trust is the new form of virtual resource. And ETH is the most powerful resource of decentralized trust, which will eventually surpass all others in the world,” he concluded.
Companies Are Accumulating Ethereum
At the time of writing, corporate reserves hold nearly 3.7% of ETH’s total supply. The largest holder is Bitmine Immersion, managing 1.8 million ETH worth $7.9 billion.
Between August 25 and 28 alone, the company purchased 269,300 ETH. Bitmine plans to accumulate 5% of the cryptocurrency’s total issuance. Also among the top holders are SharpLink Gaming with 797,000 ETH ($3.5 billion) and The Ether Machine with 345,400 ETH ($1.5 billion).
Meanwhile, spot Ethereum ETFs have attracted 6.7 million ETH worth $29.7 billion since launch, with net inflows exceeding $1 billion between August 25 and 29.