Sharplink -President Joseph Lubin has dared price calls for Ethereum as the accumulation of companies and institutional interest rates grow.
Summary
- Sharplink -chairman Joseph Lubin predicts a price increase of 100x for Ethereum from the current level.
- Lubin emphasizes that traditional financial institutions, including large banks such as JPMorgan, will probably take over Ethereum.
- The accumulation of ETH of the company is expected to be another important motivation of the potential price destination, with 71 companies currently having a combined 4.44 million ETH.
Sharplink’s head said in a recent X after That he predicts a 100x price dump for Ethereum (ETH) of his current price levels. Lubin’s comments on the bullish outlook that was previously provided by Bitmine chairman Tom Lee, but he added that he believes that the potential benefit for ETH could be even higher.
Lubin repeated the point of Lee about strong attention to Ethereum at traditional financial institutions, in which it is explained that many see it as a way to streamline complex, siled infrastructure. According to him, large banks, such as JPMorgan, operate several internal systems that have been collected by years of acquisitions, and Ethereum can unite and simplify these piles and at the same time lower costs.
He explained that this transition requires that banks come into full contact with decentralized financing, including the running of validators, managing layer 2 and layer 3 networks, participating in Defi and using smart contracts for agreements and financial processes.
“Wall Street will use because they are currently paying for their infrastructure, and Ethereum will replace many of the many Siled Stacks on which they operate,” he said.
Tackling ensuring that Layer 2 solutions can be able to canalize the most important network of Ethereum, Lubin said that these technologies have been designed to supplement the base layer not to replace. With the approval of projects such as Linea and the proof of burn, he suggested that the Ecosystem of Ethereum only becomes stronger, momentum that he regards as a potential 100x increase.
Lubin further doubled on the long -term potential of Ethereum, indicating that ETH could eventually surpass the monetary base of Bitcoin and “can flip all other raw materials on the planet.”
Corporate ETH accumulation to stimulate the price increase
Another engine from Lubin and Lee’s Bullish prospect is the current company bid for ETH as a Treasury activum. For Tom Lee, the driver for ETH’s Uptick is corporate accumulation. He pulled parallels with the influence of micro strategy, now strategy, on Bitcoin (BTC), which suggests that if corporate accumulation could cover the value of BTC, Ethereum Corporate treasuries could do the same.
“If micro strategy triples the benefit, it means that the Ethereum treasuries can triple some ETH,” he said.
So far, around 71 companies have added ETH to their balances, with a combined total of 4.44 million ETH, according to facts from strategiceth reserve. This is appreciated at around $ 19.7 billion at current prices. The top two business positions are in possession of the bitmine -Tom Lee and Sharplink’s Sharplink, with $ 7.6 billion and $ 3 billion respectively.
Both companies have also indicated an obligation to long-term accumulation, in which Bitmine wants to retain 5% of the total ETH offer and Sharplink, who ultimately want to surpass all other company holders, adding weight to the Bullish prospect.
