At the ETHDenver event, Ethereum co-founder Joe Lubin expressed his belief that cryptocurrency is part of the upcoming super cycle, stating that "we are ready for a new system of the world."

While the crypto market may not fit the technical definition of a bull market, many attendees at ETHDenver share a sentiment that suggests otherwise.

Lubin, also the CEO of Consensys, shares this optimism, asserting that the crypto landscape holds promising prospects. During a fireside chat moderated by Axios reporter Crystal Kim on February 29, Lubin discussed various topics including the current "super cycle," the potential benefits of BTC and ETH ETFs for retail investors, the developer community, and the increasing demand for decentralization across industries.

When asked about the catalysts for the next super cycle, Lubin described the current era as a "4th turning," indicating a readiness for a transformative global system. He elaborated on the idea of a monetary super cycle, suggesting that traditional monetary systems are reaching the end of their lifecycle due to issues like excessive debt and interest rates.

Lubin highlighted that cryptocurrency emerged in a time of "free money" and contrasts with the traditional model of centralized control. He emphasized Satoshi Nakamoto's innovation of decentralized trust, a concept previously unseen in human history.

In Lubin's words, "Satoshi invented decentralized trust as opposed to centralized trust. We’d never seen decentralized trust on the planet before"

image source: cointelegraph