Joseph Lubin Declares Ethereum the Top Asset for Corporations

Joseph Lubin sees Ethereum as a superior corporate reserve asset to Bitcoin.

Storing corporate reserves in Ethereum is more advantageous than in Bitcoin, according to Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys.

In his view, the second-largest cryptocurrency by market capitalization offers higher returns and a broad range of investment opportunities.

Lubin noted that Ethereum rivals digital gold in reliability. He considers the altcoin even more “solid” due to its functionality and organic transactional demand.

The ConsenSys head acknowledged the influence of Michael Saylor and his strategy of using Bitcoin as a reserve asset for Strategy.

“I had dinner with him in December and listened to his arguments. The essence was to find the best treasury capital assets for his company,” Lubin said.

Recently, the businessman took the helm of the treasury company SharpLink Gaming, which is focused on Ethereum. The Nasdaq-listed firm has acquired assets worth over $2 billion since adopting the new strategy in August.

According to Lubin, his colleagues immediately agreed that Ethereum would be the best treasury tool because it “generates income.”

The CEO of ConsenSys also expressed optimism about the network’s future. He anticipates that by 2025, the ecosystem will reach its “broadband moment.” The protocol will become more scalable, creating a demand for cheap and accessible block space.

In September, Lubin announced that the Web3 wallet provider MetaMask is preparing to launch a native token in the near future.