During a recent CNBC interview, ConsenSys CEO Joseph Lubin praised former Strategy CEO Michael Saylor for pushing a clear and powerful narrative for Bitcoin, the leading cryptocurrency.
"It had Michael Saylor doing a really good job growing the brand and buying lots of Bitcoin," he said.
At the same time, he stressed that Bitcoin's value proposition is "now," while Ethereum's value proposition "has been perceived to be in the future."
"We've been building scalable infrastructure, layers of enabling infrastructure for about a decade, anticipating that all the activity of the internet and the web will move to Web3," Lubin told CNBC.
According to Lubin, Ethereum is "scalable," "affordable," and "legal" enough in the US. However, despite the fact that the tech is now ready for prime time, Ethereum still lacks a breakout set of apps as well as consumers and enterprises.
"It's very usable right now. But we haven't had the applications, and we haven't had the consumer end users and the enterprise end users," he added.
He blamed former SEC Chair Gary Gensler for making it really unattractive to use tokens or issue tokens.
SharpLink's ETH buying spree
Earlier today, SharpLink confirmed that it now holds a total of 205,634 ETH.
Between June 28 and July 4, the publicly traded company, which aims to be Ethereum's Strategy, acquired $19,2 million worth of ETH tokens.
In late May, the company announced its plan to launch an Ethereum treasury while appointing Lubin as its board chairman.
During the most recent CNBC interview, Lubin stressed that the company will keep accumulating more ETH, keeping up Strategy's BTC buying spree.
Vladislav Sopov
U.Today Editorial Team