Ethereum’s store-of-value narrative is gaining traction – From Joseph Lubin, at least

Joseph Lubin, founder of ConsenSys, has publicly framed ether as an emerging store-of-value asset and inflation hedge, giving fresh backing to Ethereum’s long-running “ultrasound money” thesis. The endorsement lands as ETH trades well below its 2021 all-time high of roughly $4,870, with the network’s native token still the second-largest crypto asset by market capitalization. Lubin’s argument rests on Ethereum’s post-Merge issuance mechanics and burn mechanism, which have at times pushed supply growth negative, though activity on layer-2 networks has complicated that deflationary picture. The comments matter because they align a major ecosystem figure with the narrative that ETH can function as a monetary hedge rather than purely a gas and staking token. What to watch next is whether ETH supply growth stays subdued and whether ETF flows and staking demand translate the rhetoric into sustained capital inflows.