Ethereum Co-founder Joe Lubin: Crypto Momentum Unstoppable

Cryptowire: Insights from Joe Lubin at ETH Denver Conference

The majority of attendees at ETH Denver, one of the largest Ethereum conferences, are optimistic about the bullish sentiment prevailing in the crypto market. Joe Lubin, co-founder of Ethereum and CEO of Consensys, shares this positive outlook, stating that there are better things ahead.

Discussion Highlights

• During a chat moderated by Axios reporter Crystal Kim, Lubin discussed various topics including the current “super cycle,” benefits of BTC and ETH ETFs, and the need for decentralization in different industries.
• Lubin emphasized the shift towards decentralized trust introduced by cryptocurrencies, contrasting with the centralized trust model.
• Approval of spot Bitcoin ETFs after a long wait has been seen as a milestone, but concerns exist about institutional investors diluting the original vision of Bitcoin’s creator.

Positive Outlook

Lubin expressed optimism about the impact of spot Bitcoin ETFs and the potential for an ETH ETF, believing it would bring substantial value into the crypto ecosystem. He stated that the momentum in crypto is unstoppable, despite past hindrances by policymakers.

Regulatory Concerns

Lubin and US SEC Commissioner Hester Peirce raised concerns about the regulatory environment, with Peirce criticizing the SEC’s slow approval process for spot Bitcoin ETFs and its tendency to “regulate by enforcement.”