Ready for a New World System: Ethereum Co-Founder on Crypto ETFs and the New Super Cycle

In a discussion on “What Will Drive the Coming Super Cycle,” Ethereum co-founder Joe Lubin shares his thoughts on decentralized trust, crypto ETFs, and his views on a new super cycle.

• Time for a new world system?
• Decentralized trust versus centralized trust
• Crypto ETFs are a positive development despite some challenges

The crypto sector has been bullish again for a few weeks. Only recently, for example, did Bitcoin manage to surpass its all-time high set in 2021. Ethereum co-founder Joe Lubin also believes that the crypto market is looking up again.

On February 29, Lubin participated in a discussion on “What Will Drive the Coming Supercycle.” During the conversation, Lubin discussed the current “super cycle” and talked about why a BTC and ETH ETF would be good for retail investors and the more developer-focused community.


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New super cycle

When asked what will trigger the next supercycle, Lubin first explained that he likes to look at it from two different perspectives. First, there is the generational supercycle. The core of this generation theory is that there are four generations for around 80 to 100 years that repeat themselves in a certain way and are similar to one another to a certain extent.

The first generation comes from some kind of catastrophe, such as the Second World War. This generation is experiencing a breakthrough, a new approach to things and the building of a new world system and a truly new beginning. The second generation is successfully building on this. But the third generation is confronted with a changed society in which the old system no longer meets the current needs of the world. Cracks would appear and things would become unbalanced. The fourth generation would finally begin and the systems would collapse at every turn.

“We are in this fourth turning point, and we are ready for a new world system,” said Lubin.

“The other way to think about it is that it’s a monetary supercycle, where the world’s monetary systems are reaching the end of their life, essentially because of interest, and there’s too much debt in the system because of certain generations the monetary system and other elements of the financial system,” the Ethereum co-founder continued.

Decentralized trust

Lubin also explained that crypto was born in an era of restricted money, controlled money, top-down command and control. “Essentially, we’ve lived in a paradigm of centralized top-down trust for millennia, and the authorities have given intermediaries certain powers, and the intermediaries help run the world, they maintain these databases or ledgers that control who what owns and who has rights and privileges.” However, according to Lubin, the unknown Bitcoin inventor Satoshi Nakamoto invented something that had never existed before: decentralized trust as opposed to centralized trust.

Impact of crypto ETFs

The Ethereum co-founder also addressed the topic of crypto ETFs during the conversation. Before Bitcoin spot ETFs were approved by the US Securities and Exchange Commission (SEC), crypto advocates and investors waited several years for such approval. According to Cointelegraph, while the launch of these ETFs could be seen as a confirmation of Bitcoin’s solid investment status, there have always been concerns that institutional investors could dilute the original vision of Bitcoin creator Satoshi Nakamoto.

When asked if a Bitcoin ETF and the possibility of an Ethereum ETF are positive for the crypto community, Lubin replied that there are various challenges, but in the short term it is a positive development. “The gates are now open and there is a significant amount of capital flowing into the crypto ecosystem. The upside is that it will be difficult for regulators and politicians to impact people’s portfolios. We are witnessing that ever more funds flow into our ecosystem,” said Lubin.

Editorial team

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