Ethereum co-founder Joseph Lubin emphasized the importance of corporate ETH treasuries for the growth of the Ethereum ecosystem in a recent CNBC interview. He highlighted that while a significant amount of Ether is in circulation, there's a lack of activity to utilize it effectively. Lubin described Ether treasuries as a lucrative business and stated they are crucial for balancing the supply-demand dynamics of Ether as more applications are developed. He mentioned that firms like SharpLink are focused on presenting the Ethereum narrative in appealing ways to investors, particularly in Wall Street. Lubin expects both Bitcoin and Ether to appreciate over the coming years as the global economy increasingly shifts toward decentralization. He argued that treasuries would enhance interest and scarcity surrounding Ether by accumulating more assets over time. With a maturing infrastructure, Lubin believes Ethereum is now prepared to host Web3 applications. He also noted that the prior regulatory environment under former SEC Chair Gary Gensler hindered development in the ecosystem but expressed optimism about future growth following changes in leadership at the SEC.

Source đź”—