tl;dr
Joseph Lubin, co-creator of Ethereum, predicts that the Web3 explosion will surpass the dot-com bubble. He believes it will bring positive transformation through decentralization and censorship resistance. Lubin expresses strong support for Ethereum due to its market cap, maturity, and developer bas...
Joseph Lubin, the co-founder of Ethereum, forecasts a surge in Web3 that will surpass the dot-com bubble. He lauds Ethereum's appeal to large firms and envisions the shift of traditional businesses to digital ledgers. Lubin sees the Web3 explosion bringing positive transformation through decentralization and censorship resistance, emphasizing Ethereum's market cap, maturity, and developer base. He anticipates a migration of traditional businesses to digital ledgers in the coming years.
Lubin also praises President Trump's crypto-related actions, foreseeing significant DeFi activity on Ethereum. Ethereum is currently trading at $3,419.
In a new thread on the social media platform X, Joseph Lubin, now serving as the chief executive of blockchain technology firm ConsenSys, expressed his belief that the Web3 boom is already underway and will have a monumental impact on the world. He emphasized that the Web3 boom will be orders of magnitude larger than the dot-com boom and will lead to greater decentralization and censorship resistance. Lubin cites Ethereum's attraction to large firms due to its market cap, maturity, developer base, and roadmap, noting that blockchains are the next natural step in technological evolution. He predicts that most traditional businesses will eventually migrate to digital ledgers in the coming years.
Lubin also commends President Donald Trump's crypto-related actions as "smart," foreseeing the establishment of a significant DeFi business on Ethereum and expressing a belief in the balanced and prudent use of different crypto technologies by the administration. Ethereum is currently trading at $3,419.