The crypto market seems to be experiencing a bullish trend, as evident from the sentiments of attendees at ETHDenver. Even Joe Lubin, the co-founder of Ethereum and CEO of Consensys, shares this optimism and believes that the best is yet to come for the crypto industry.
During a fireside chat on February 29, moderated by Axios reporter Crystal Kim, Lubin discussed various aspects of the current “super cycle,” including the impact of spot Bitcoin (BTC) and Ethereum (ETH) ETFs on retail investors and the developer community, as well as the growing need for decentralization in multiple industries.
When asked about the catalyst for the next super cycle, Lubin explained that crypto was born in an era of centralized control over money. He emphasized that for centuries, we have lived in a paradigm where intermediaries hold power and maintain databases that control ownership rights and privileges. However, he believes that crypto has the potential to disrupt this centralized system and usher in a new era of decentralized trust.
Regarding the spot Bitcoin and Ethereum ETFs, Lubin acknowledged that there are concerns about institutional investors diluting the original vision of Satoshi Nakamoto, the creator of Bitcoin. However, he expressed optimism in the near term, considering the long-awaited approval of spot Bitcoin ETFs as a positive development for the crypto community.
Moving on to the regulatory environment in the U.S., Lubin acknowledged that historically, regulators and politicians in the country have been resistant to the crypto industry, hindering its growth. However, he suggested that the decision to foster or obstruct the industry’s growth may no longer solely rest with policymakers.
In conclusion, Lubin remains optimistic about the future of crypto and believes that the industry is poised for further growth and decentralization.