Billionaire Joe Lubin Predicts Rise of Bitcoin and Ethereum As Decentralization Becomes ‘Direction of Travel for the World’
Ethereum (ETH) co-founder Joe Lubin says decentralization will be the main narrative that drives markets in the coming years.
In a new interview with CNBC, Lubin, the chair of SharpLink, a gaming company with an Ethereum treasury, says his firm’s ETH accumulation strategy is about generating more awareness of the leading smart contract platform.
“It’s about telling the Ethereum story. What does Wall Street pay attention to? It pays attention to being able to make money. What are we going to demonstrate? Because decentralization is the direction of travel for the world, we believe that we’re going to see Ether and Bitcoin continue to rise over the next years and decades as we paradigm shift to more and more decentralization. So that’s going to put a bid under these tokens.”
Lubin says his ETH treasury strategy is similar to Michael Saylor’s Bitcoin (BTC) treasury with Strategy, formerly MicroStrategy.
“The anticipation of us – and Saylor – accumulating more and more consistently, both in large chunks as well as just selling ATM, we’re able to acquire tens of millions of dollars in Ether a day via these ATM sales. And so we’re just going to stay the course.”
In a May press release, SharpLink Gaming announced plans to purchase $475 million worth of ETH and use it as a primary treasury reserve asset.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Billionaire Joe Lubin Predicts Rise of Bitcoin and Ethereum As Decentralization Becomes ‘Direction of Travel for the World’ appeared first on The Daily Hodl.