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Cryptocurrency Market a 'Good Bubble,' Says ConsenSys CEO Joseph Lubin
Ethereum co-founder and ConsenSys CEO Joseph Lubin has said the cryptocurrency market is a bubble, but that it's the "good kind of bubble."
Updated Sep 14, 2021, 1:56 p.m. Published Nov 8, 2017, 4:00 p.m.
Joseph Lubin, ethereum co-founder and CEO of blockchain firm ConsenSys, has said the cryptocurrency market is "totally a bubble," according to a report.
However, in comments made to Bloomberg, Lubin clarified that the market is a "good kind of bubble" that comes when a "profound technology" appears and cannot build out fast enough for people to see its "value and vision."
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As reported, he said:
"This technology is so powerful and profound that it is going to change the way IT systems around the world are being built."
On the recent surge in bitcoin prices, which leapt to an all-time high of $7,601 at the weekend, he added that a correction would help "strengthen" the industry going forward.
Moving on to discuss China's recent restrictions of cryptocurrency trading, Lubin, said that he sees the move as a "pause" and not a ban. Instead, the regulatory move, he said, is positive news marking China's recognition of the importance of the industry.
Bubble image via Shutterstock
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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From Lockstep to Lag, Bitcoin Poised to Catch Up With Small Cap Highs
The Federal Reserve begins Treasury bill purchases later Friday, starting with $8.2 billion as part of its reserve management program.
Yang perlu diketahui:
- The Russell 2000 index has pushed to new all time highs alongside strength across U.S. equities and metals, while bitcoin remains 27% below its peak, marking a rare divergence after years of moving in sync.
- With small-cap stocks highly sensitive to falling interest rates and 2026 earning-per-share growth expectations near 49%, according to Goldman Sachs, improving macroeconomic conditions could realign bitcoin and crypto with small-cap strength.
- The Federal Reserve starts Treasury bill purchases today with an initial $8.2 billion operation, the first step in a $40 billion reserve management program running until April.
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