Joe Lubin's Ethereum Investment Play: Smart Move or Self-Serving Strategy?

I just found out that Joe Lubin, one of Ethereum's co-founders, is starting a company specifically to invest in ETH. This move came after he had dinner with Michael Saylor about six months ago. Interesting timing, right? Makes you wonder what they really discussed over their fancy meal.

As the CEO of Consensys, Lubin claims nobody at his company had seriously explored this investment direction before. Really? The guy who helped create Ethereum never thought about strategically investing in his own token until Saylor suggested it? I find that hard to believe.

"The strategy appeared to be relatively safe," Lubin says. Of course it seems safe when you're an insider with unparalleled access and influence in the Ethereum ecosystem! When you control MetaMask and other critical infrastructure, you're essentially betting on yourself.

Meanwhile, SharpLink Gaming (where Lubin conveniently serves as chairman) plans to raise a cool billion dollars to increase ETH holdings. The connections are too obvious to ignore.

This feels like the classic crypto playbook - founders creating investment vehicles to pump their own tokens. While Ethereum has legitimate utility, we shouldn't ignore how these power players manipulate markets for personal gain.

With ETH recently surpassing $4,000 with a 3% daily increase, timing couldn't be better for Lubin's new venture. But ask yourself: is he truly bullish on Ethereum's technology, or just exploiting his position to extract more value?

I've watched too many crypto elites get rich while retail investors take all the risk. Let's call this what it is - another attempt by insiders to control and profit from a supposedly "decentralized" ecosystem.