The majority of attendees at ETH Denverone of the largest conferences in Ethereum, believe that a bullish sentiment permeates the cryptocurrency market. This is how Joe Lubin, c Founder of Ethereum and CEO of Consensyswho did not hide this optimism, stating that The best is yet to come.
During a talk moderated by the reporter from Axios, Crystal Kim, on February 29, Lubin discussed several topics, including the current “super cycle”the possible benefits of BTC and ETH ETFs for retail investors and the developer-focused communityas well as the growing need for decentralization in various industries.
“We are in this fourth turn and we are ready for a new world system,” he said when asked about the catalyst for the next super cycle.
The other way to look at it is like a monetary super cycle, where the world’s monetary systems essentially reach the end of their life, basically due to interestand there is too much debt in the system because certain generations broke the monetary system and other elements of the financial system.
Crypto: a shift towards decentralization
Lubin highlighted the difference between the current centralized and top-down trust model, and the decentralized trust introduced by cryptocurrencies. He emphasized that crypto born in an era of limited and controlled moneybut offers a paradigm shift towards decentralized trust, a concept that has never been seen before.
The approval of Bitcoin spot ETFs, After more than seven years of waiting, it has been hailed as a significant milestone for cryptocurrency advocates and investors. However, there are concerns about institutional investors diluting the original vision of Bitcoin creator Satoshi Nakamoto.
When asked about the impact of Bitcoin spot ETFs and the possibility of an ET ETFH, Lubin expressed optimism, stating that “the floodgates are open now, and there is a tremendous amount of value accumulating in the crypto ecosystem.” The good thing about that is that it will be difficult for regulators and politicians to trample on people’s wallets, and we will see more and more financing coming into our ecosystem.”
Crypto momentum is “Unstoppable”
The United States has historically maintained a strong stance against the crypto industry, hindering its growth for years. However, Lubin believes that the decision to slow the industry’s progress it may no longer rest solely in the hands of policymakers.
“I think the momentum is building and it’s unstoppable,” he said. “The SEC has done some things under the Biden administration that are really disconcerting, there is a element of manipulation and lack of reason in some of the actions they have takenand the judiciary has been wonderful in seeing things clearly and making sure that the laws of the United States and the Constitution are followed and protected.”
More recently, US SEC Commissioner Hester Peirce also reiterated her criticism of her own agency’s approach to cryptocurrencies in a recent appearance at ETH Denver.
Peirce expressed frustration with the SEC’s tendency to “regulate through enforcement” and criticized the slow approval process for Bitcoin spot ETFs.
Source: Ambito
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