Ethereum co-founder Joseph Lubin is betting big on Web3. He believes the upcoming boom will dwarf the dot-com bubble of the late 90s.
Lubin’s Web3 Prediction
In a recent post on X (formerly Twitter), Lubin, CEO of ConsenSys, stated that the Web3 boom is already happening and will be “orders of magnitude larger” than the dot-com boom. He expects it to be a bumpy ride, but ultimately transformative, thanks to decentralization and censorship resistance.
Ethereum’s Role in the Web3 Revolution
Lubin is particularly bullish on Ethereum (ETH), citing its large market cap, mature ecosystem, strong developer community, and clear roadmap as attractive factors for major companies. He sees blockchain technology as the next logical step in technological evolution, predicting that most businesses will migrate to digital ledgers in the coming years. He compares this shift to the mass migration of businesses to the internet in the 90s and 2000s.
The Trump Factor and DeFi
Lubin also commented on the Trump family’s involvement in the crypto space, suggesting their activities are strategic and will likely lead to a significant decentralized finance (DeFi) business built on Ethereum. He believes the Trump administration will adopt a balanced approach to crypto technologies.
Current Ethereum Price
At the time of writing, Ethereum was trading at $3,419.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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