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.

11.31K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.