Ethereum to 100x? SharpLink Chair Joseph Lubin explains why

SharpLink chairman Joseph Lubin has made bold price calls for Ethereum as corporate accumulation and institutional interest grow.

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.

He explained that this transition will require banks to fully engage with decentralized finance, including running validators, managing Layer 2 and Layer 3 networks, participating in DeFi, and using smart contracts for agreements and financial processes.

“Wall Street will stake because they currently pay for their infrastructure, and Ethereum will replace much of the many siloed stacks they operate on,” he said.

Addressing concerns that Layer 2 solutions could cannibalize Ethereum’s main network, Lubin said these technologies are designed to complement, not replace, the base layer. With adoption of projects like Linea and Proof of Burn, he suggested Ethereum’s ecosystem is only getting stronger, momentum he sees as central to a potential 100x surge.

Lubin further doubled down on Ethereum’s long-term potential, indicating that ETH could eventually surpass Bitcoin’s monetary base and “flippen all the other commodities on the planet.”

Corporate ETH accumulation to drive price surge

Another driver of Lubin and Lee’s bullish outlook is the ongoing corporate bid for ETH as a treasury asset. For Tom Lee, the driver for ETH’s uptick will be corporate accumulation. He drew parallels to the influence of MicroStrategy, now Strategy , on Bitcoin ( BTC ), suggesting that if corporate accumulation could skyrocket BTC’s value, Ethereum corporate treasuries could do the same.

“If MicroStrategy tripled the upside, then that means the Ethereum treasuries could triple whatever ETH could do,” he said.

So far, roughly 71 companies have added ETH to their balance sheets, holding a combined total of 4.44 million ETH, according to data from StrategicETHReserve. This is valued at approximately $19.7 billion at current prices. The top two corporate positions are held by Tom Lee’s BitMine Immersion and Lubin’s SharpLink, with $7.6 billion and $3 billion respectively.

Both firms have also signaled a commitment to long-term accumulation, with BitMine aiming to hold 5% of total ETH supply and SharpLink looking to eventually outpace all other corporate holders, adding weight to the bullish outlook.