SharpLink chairman Joseph Lubin has made bold price calls for Ethereum as corporate accumulation and institutional interest grow.
Summary
- SharpLink chairman Joseph Lubin forecasts a 100x price increase for Ethereum from current levels.
- Lubin emphasizes that traditional financial institutions, including large banks like JPMorgan, are likely to adopt Ethereum.
- Corporate accumulation of ETH is expected to be another key driver of the potential price surge, with 71 companies currently holding a combined 4.44 million ETH.
The head of SharpLink said in a recent X post that he forecasts a 100x price surge for Ethereum (ETH) from its current price levels. Lubin’s comments build on the bullish outlook provided earlier by BitMine Chairman Tom Lee, but he added that he believes the potential upside for ETH could be even higher.
Lubin echoed Lee’s point on strong attention toward Ethereum among traditional financial institutions, explaining that many see it as a way to streamline complex, siloed infrastructure. According to him, large banks, such as JPMorgan, operate multiple internal systems accumulated through years of acquisitions, and Ethereum could unify and simplify these stacks while reducing costs.
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Author: Grace Abidemi
