Currencies35124
Market Cap$ 4.00T-3.86%
24h Spot Volume$ 95.33B+36.5%
DominanceBTC55.09%+0.98%ETH11.83%-2.47%
ETH Gas3.72 Gwei
Cryptorank

Billionaire Joe Lubin Predicts Rise of Bitcoin and Ethereum As Decentralization Becomes ‘Direction of Travel for the World’


by Daily Hodl Staff
for The Daily Hodl

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.

Read the article at The Daily Hodl

Read More

What Happened in Crypto Today? – September 25: Huge Cardano News and Insane Bitcoin Prediction

What Happened in Crypto Today? – September 25: Huge Cardano News and Insane Bitcoin Prediction

Crypto markets moved with sharp energy over the last 24 hours as bold predictions, ne...
The Tense Wait for $22 Billion in Bitcoin and Ethereum! How Will It Affect the Prices of BTC and ETH? Here's Everything You Need to Know…

The Tense Wait for $22 Billion in Bitcoin and Ethereum! How Will It Affect the Prices of BTC and ETH? Here's Everything You Need to Know…

On September 26, $17.06 billion worth of Bitcoin (BTC) and $5.2 billion worth of Ethe...

Billionaire Joe Lubin Predicts Rise of Bitcoin and Ethereum As Decentralization Becomes ‘Direction of Travel for the World’


by Daily Hodl Staff
for The Daily Hodl

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.

Read the article at The Daily Hodl

Read More

What Happened in Crypto Today? – September 25: Huge Cardano News and Insane Bitcoin Prediction

What Happened in Crypto Today? – September 25: Huge Cardano News and Insane Bitcoin Prediction

Crypto markets moved with sharp energy over the last 24 hours as bold predictions, ne...
The Tense Wait for $22 Billion in Bitcoin and Ethereum! How Will It Affect the Prices of BTC and ETH? Here's Everything You Need to Know…

The Tense Wait for $22 Billion in Bitcoin and Ethereum! How Will It Affect the Prices of BTC and ETH? Here's Everything You Need to Know…

On September 26, $17.06 billion worth of Bitcoin (BTC) and $5.2 billion worth of Ethe...