Ethereum DATs are the next Berkshire Hathaway: Consensys founder

Joseph Lubin, co-founder of Ethereum, believes that Ether digital asset treasuries (DATs) may yield better returns than Bitcoin treasury strategies. Speaking at Token2049, Lubin emphasized that Ether's functionality and organic demand make it an appealing treasury asset. Under his leadership, SharpLink Gaming has amassed over $2 billion in Ether since adopting a treasury strategy in August. Lubin noted the inspiration from Michael Saylor's Bitcoin principles but argued that Ether's yield-bearing nature presents greater potential. He anticipates Ethereum will reach a 'broadband moment' in 2025, experiencing a surge in demand as the infrastructure scales. However, he acknowledged risks associated with significant debt incurred by treasury companies to purchase tokens, stressing the importance of balancing accumulation without overstretching. The growth of the DAT landscape is highlighted by competitors like Tom Lee's BitMine, which has acquired 2.65 million ETH. Lubin envisions SharpLink as a decentralized economic leader akin to Berkshire Hathaway, while he encourages proactive strategies to stabilize and increase Ether's value amidst changing supply-demand dynamics.

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