Lubin also believes that ETH could eventually surpass Bitcoin as the world’s leading monetary base. He argued that financial institutions will be compelled to stake ETH, run validators, and integrate with decentralized finance, making Ethereum the backbone of global finance. Meanwhile, Eric Trump, son of US President Donald Trump and co-founder of American Bitcoin, once again forecasted that Bitcoin will inevitably reach $1 million per coin. At Bitcoin 2025 Asia, he specifically pointed out surging institutional and sovereign demand.
Ethereum Could 100x
Ethereum co-founder and Consensys founder Joseph Lubin issued one of his boldest predictions yet by suggesting that Wall Street’s adoption of Ethereum will push ETH’s value up by 100 times and ultimately allow it to surpass Bitcoin as the leading monetary base in the crypto sector. In an X post over the weekend, Lubin argued that financial institutions will inevitably stake Ethereum because they currently pay large sums to maintain siloed infrastructure that Ethereum could eventually replace. He believes this transition will lead to a surge in demand for the asset and propel ETH far beyond current price levels.
Lubin explained that Wall Street institutions will need to transform themselves into traditional finance firms operating on decentralized rails. This would involve staking ETH, running validators, deploying layer-2 networks, writing smart contract software, and participating in decentralized finance.
He described Ethereum as the “highest octane” decentralized trust commodity, capable of flipping not only Bitcoin but also becoming a core component of the world’s financial infrastructure. According to Lubin, “Trust is a new kind of virtual commodity” and ETH is best positioned to dominate this space.
His comments are very similar to VanEck CEO Jan van Eck’s, who recently called Ethereum “the Wall Street token,” and warned that banks that fail to adopt it for stablecoin transfers risk being left behind. Fundstrat’s Tom Lee also predicted that Ethereum could flip Bitcoin in network value, a view Lubin said he is “100% aligned” with, though he considers Lee’s outlook still too conservative.
Currently, ETH’s market cap is about a quarter of Bitcoin’s. However, its market dominance stands at about 14.3%, which is double what it was in April.
Institutional voices are also beginning to agree with Lubin's optimism. CoinW’s chief strategy officer Nassar Achkar said that treasury allocations to ETH are growing due to its staking yield and its central role in tokenization ecosystems. Meanwhile, stablecoin activity on Ethereum continues to surge, with supply surpassing $160 billion—more than doubling since January of 2024.
ETH’s price action over the past week (Source: CoinMarketCap)
ETH pushed toward $4,500 over the weekend, and was trading hands at $4,404 at press time.
Bitcoin to Reach $1M
Meanwhile, Eric Trump, son of US President Donald Trump, doubled down on his bullish outlook for Bitcoin by stating that it is inevitable the cryptocurrency will reach $1 million in the coming years. At the Bitcoin 2025 Asia conference in Hong Kong, Trump told the audience that the adoption of Bitcoin expanded far beyond retail investors, and pointed to growing demand from nation-states, Fortune 500 companies, major institutions, and wealthy families. He argued that this participation helps cement Bitcoin’s role as a trusted digital store of value and predicted that mainstream adoption is still in its early stages.
Trump reiterated a forecast he previously made in December of 2024, and again stressed that the question is not if, but when, Bitcoin will hit the million-dollar mark. He mentioned that despite the significant inflows from institutional players, the majority of potential market participants have yet to fully embrace digital money and the decentralized financial system that underpins it.
His comments were made as American Bitcoin, the mining company he co-founded, prepares to complete a reverse merger with Gryphon Digital Mining. Gryphon shareholders approved the merger in August, and once finalized, the combined entity will trade under the ABTC ticker on Nasdaq this September. The deal already energized Gryphon’s share price, which soared more than 231% since the agreement was first announced in May of 2025, including a 42% surge on Thursday in anticipation of the relisting.
Gryphon’s YTD share price (Source: Google Finance)
The bullish corporate momentum contrasts with a minor pullback in Bitcoin’s price. After touching an all-time high of around $124,500 on Aug. 14, Bitcoin corrected nearly 13%. Analysts suggest this support could signal even more near-term weakness, but industry leaders like Trump are more focused on the long-term trajectory. For Trump, the growing institutional embrace of Bitcoin makes its path toward $1 million per coin not only possible but inevitable.
