On June 19, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, shared an extensive valuation perspective on Ether via an X post. He praised a research note that compared ETH to 'digital oil,' but argued it underestimated Ethereum's potential. Lubin believes Ether will be central to a 'hybrid human-machine intelligence society,' creating value that could far exceed the current $113.8 trillion global economy. He suggested that the value flowing through Ethereum, a key component of the re-decentralized Web3, could surpass today's global GDP. Lubin contrasted Bitcoin as 'Gold 2.0' with ETH as the asset of a programmable economy, emphasizing the need to consider the impact of AI on digital activity. He proposed a thought experiment about a hypothetical 'trust-diamond commodity' that could significantly boost global GDP, equating this to ETH. Despite Ether's current market cap of around $307 billion, he sees potential for substantial growth, driven by a tightening supply and the emerging demand for trust in transactions. Read more AI-generated news on: https://app.chaingpt.org/news

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