Is Joe Lubin the Michael Saylor of Ethereum? | The $SBET Opportunity

Bankless

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4.7 • 1.2K Ratings

🗓️ 9 June 2025

⏱️ 56 minutes

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Summary

Joe Lubin returns to Bankless to break down his latest bold move—launching SBET, a publicly traded vehicle designed to accumulate and deploy Ether as a strategic treasury asset. We unpack whether Lubin is stepping into the Michael Saylor role for Ethereum, how SBET might outperform Bitcoin-backed models, and why ETH is poised for a monetary renaissance. From regulatory wins to Ethereum’s evolving narrative on Wall Street, this episode explores how ETH can become a multi-trillion-dollar asset and a dominant store of value in the next economic supercycle. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 0:38 Getting Sued by The SEC 7:55 $SBET 16:32 The Michael Saylor of ETH 23:25 $SBET (ETH) vs $MSTR (BTC) 27:16 Valuing ETH 28:30 Wall Street Narratives 30:52 ETH’s Performance 36:53 ETH as Collateral 40:07 Onboarding Others 46:52 ETH as SoV 49:18 What ETH Needs 50:52 Joining Forces 53:08 ETH’s Sentiment Shift 56:53 Genius Act 58:44 Closing & Disclaimers ------ RESOURCES Joe Lubin https://x.com/ethereumJoseph SharpLink Gaming ($SBET) https://www.sharplink.com/ Consensys https://consensys.io/ ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Transcript

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0:00.0	So my question to you, Joe, do you have what it takes?
0:03.0	Can you become the Michael Saylor of Ethereum?
0:07.3	Well, I don't think I need to answer that question directly.
0:14.9	Bankless Nation, we have Joe Lubin.
0:16.5	He's the co-founder of Ethereum.
0:17.9	He's the CEO of Consensus.
0:19.1	And most recently, he's now the chairman of a publicly
0:22.2	traded company. It's called Sharplink, a company designed to purchase Ether, the asset, for
0:28.8	strategic treasury purposes. Joe, welcome back to Bankless. Thanks, guys. Feels like I've been here
0:35.3	recently, but the vibe's a little different. Yeah, you know what?
0:39.1	Last time you were here, I was just looking at this. It was just over a year ago. It was May.
0:42.5	And I think you were in the process of getting sued, getting nastygrams from the SEC, at least
0:47.6	consensus was. Also suing, if I remember correctly. Yeah, that's right. I think that part was the
0:53.9	part that worked out, actually. I think we part was the part that worked out, actually.
0:55.2	I think we're on the offense, actually.
0:57.7	Why didn't we actually start there then?
0:59.2	The ecosystem won that one.
1:00.9	Okay, so what happened with that?
1:02.4	So last time we talked, Gary Gensler was on his rampage, consensus was kind of the next
1:06.8	effect.
1:07.1	They were actually talking about, it seemed like they were intent on making ether the asset a security as well.
1:12.4	That was some of the implication in their wealth notices.
	...

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