The Crypto Industry Is Accelerating, And It’s Unstoppable – Ethereum Founder Joe Lubin
Crypto seems to be in a bull market, maybe not in the technical sense, but most participants at ETDenver agree that it definitely feels like it.
Even Joe Lubin, the founder of Ethereum and CEO of Consensus, believes that things are looking up for crypto and is sure that the best is yet to come.
In the year On February 29, Lubin joined the fireside discussion “What's Driving the Next Supercycle” moderated by Axios reporter Crystal Kim, and during the discussion, Lubin touched on the current “supercycle,” where BTC and ETH ETFs are growing for retail investors and a more constructively focused community and across multiple industries. The demand for decentralization is good.
When asked what would fuel the next super cycle — long-term economic expansion driven by strong growth, particularly in demand for goods and services — Lubin said:
“We are in this 4th round, and we are ready for a new world order. Another way of thinking is that the world's financial systems come and go, basically because of demand and because certain generations have broken the financial system and there is too much debt in the system. Other Components of the Financial System”.
Lubin explained, “Crito was born in an era of free money. It was born in an era of limited money, controlled money, top-down command and control. Basically, we've been living in a centralized top-down trust for thousands of years, and the authorities organize intermediaries with limited powers and “The middlemen help run the world, they keep these databases or ledgers that control who owns what and who has rights and privileges,” he said.
According to Lubin,
“Satoshi invented decentralized trust as opposed to centralized trust. Never before had we seen decentralized trust on the planet.
Are Spot Bitcoin and Ethereum ETFs Good for the Community?
Before spot Bitcoin ETFs were approved, crypto advocates and investors waited more than 7 years for approval, and while their launch may have been a stamp of approval on BTC's status as a sound investment, there was always the fear that institutional investors could screw it up. A true vision of Bitcoin creator Satoshi Nakamoto.
When asked if the prospect of a Bitcoin ETF and an ETH ETF somewhere is good for the community, Lubin said, “There's a lot of different issues in there, but in the near term, it's a very good thing.”
“The floodgates are now open, and there is enormous value to the crypto ecosystem. The good thing about that is that it will be harder for regulators and politicians to step on people's portfolios and we will see more and more funding coming into our ecosystem.
Related: The SEC's Hester Peirce calls for more decentralization in the financial system
Can Crypto Grow in the US?
Historically, regulators and politicians in the US have taken a hard line against the crypto industry, and many believe this has hindered the sector's growth over the years. When asked if crypto could “thrive” in the US, Lubin suggested that the decision to hinder the growth of the crypto industry may not be in the hands of policymakers.
“I think the momentum is picking up, and it's unstoppable. The SEC has done some things under the Biden administration that have been really head-scratching, gaslighting and irrational in some of the actions they've brought, and the judicial branch has been great at seeing things clearly and making sure. The laws of the United States of America and the Constitution will be followed and upheld.
Lubin ended this
“I expect more decentralization in the United States.”
