Institutional adoption could drive ETH to grow 100x
ConsenSys founder Joseph Lubin stated that Ethereum has the potential to overtake Bitcoin in market capitalization. According to his forecast, mass adoption of ETH by Wall Street firms will become the main driver of the altcoin’s explosive growth.
“Yes, most likely ETH will grow 100x from the current level. Maybe even more,” Lubin noted.
Wall Street on Decentralized Rails
According to the expert, traditional financial corporations will eventually be forced to abandon isolated systems and move toward using Ethereum’s decentralized infrastructure. This would involve active participation in staking, running validators, managing L2 networks, and integrating into the DeFi ecosystem.
His comments came in response to a statement by Fundstrat managing partner Tom Lee, who earlier expressed confidence that Ethereum will surpass Bitcoin in capitalization. Lubin agreed with this view, emphasizing that even the most bullish forecasts remain “not optimistic enough.”
The Potential of a Decentralized Economy
Lubin believes that no one can yet fully estimate the scale of a decentralized economy built on Ethereum. He stressed that combining human and machine intelligence on a decentralized platform can create a new model of trust in the digital world.
“ETH is the most powerful resource of decentralized trust, which over time will surpass all other resources in the world,” the expert concluded.
Corporate ETH Accumulation
Analysts report that corporate reserves currently hold around 3.7% of the total Ethereum supply.
- Bitmine Immersion is the largest holder, with 1.8 million ETH (≈ $7.9 billion). Between August 25–28 alone, the company purchased 269,300 ETH and aims to reach 5% of total issuance.
- The top three also include SharpLink Gaming (797,000 ETH, $3.5 billion) and The Ether Machine (345,400 ETH, $1.5 billion).
Meanwhile, spot Ethereum ETFs have accumulated 6.7 million ETH worth $29.7 billion since launch. Net inflows from August 25–29 exceeded $1 billion.
Ethereum — “Wall Street’s Token”
At the end of August, VanEck’s CEO called Ethereum “Wall Street’s token,” underlining its growing role in the institutional ecosystem.
