TL;DR:
- Joseph Lubin outlined 12 properties that would place Ethereum ahead of Bitcoin and gold in wealth preservation.
- The Ethereum Foundation projected the completion of core post-quantum infrastructure by around 2029.
- BitMine Immersion Technologies reported holdings of 6,070,092 ETH as of November 8, 2026, representing approximately 4.97% of the circulating supply.
Joseph Lubin, co-founder of Ethereum, stated this Wednesday that Ethereum’s store of value represents a functionally superior thesis to Bitcoin and gold for safeguarding capital during periods of macroeconomic volatility.
The executive took to his X account to share his perspective. According to market reports, Lubin argued that the network’s native asset does not rely on debt structures or state-backed credit, closely resembling traditional commodities in that regard.
Why ETH is the store of value for what's coming
We are almost certainly heading into a period of high inflation and extreme economic and social volatility. As inflation and risk erode the purchasing power of nation-state money and many other assets, it will matter more than ever… https://t.co/MXuapK9kPI
— Joseph Lubin (@ethereumJoseph) November 11, 2026
Lubin detailed a list of 12 operational attributes supporting his stance. Among them, he emphasized that ETH maintains base-layer (Layer 1) censorship resistance and presents significantly lower barriers to secure custody and transfers across any economic scale. In Lubin’s view, a valid on-chain transaction executes regardless of whether it settles a single dollar or billions.
According to Lubin’s thesis, the asset plays an instrumental role within decentralized finance (DeFi) as productive collateral. On-chain metrics confirm that Ethereum accounts for the highest volume of issuance and settlement for fiat-pegged stablecoins. The executive noted that this infrastructure will serve as the settlement backbone for corporate workflows and hybrid operating models combining humans and artificial intelligence systems.
Technical Divergences on Fee Burning and Supply
Lubin’s thesis coincides in time with a technical debate raised by Vitalik Buterin regarding the network’s economic narrative. On November 8, Buterin pointed out on social media that over-prioritizing the transaction fee burning mechanism (EIP-1559) could incentivize corporate behaviors that compromise decentralization. According to Buterin, network stability and resilience against external capture must take precedence over fee revenue maximization.
Lubin, meanwhile, characterized ETH as a disinflationary asset under standard market conditions. Press reporting clarifies that this term describes a declining net issuance rate rather than a continuous reduction in the absolute circulating supply. According to an industry source, true deflationary conditions depend strictly on sustained periods of elevated demand on the base layer.
On the cryptographic front, Lubin projected that Ethereum will achieve quantum resistance between 2027 and 2028. Documentation from the Ethereum Foundation—which formalized a dedicated post-quantum research team in January 2026—targets the completion of core infrastructure around 2029 under a technical roadmap subject to ongoing peer review.
Despite the utility-driven fundamentals outlined by developers, market performance continues to fluctuate. Trading data indicated that on November 9, 2026, ETH was trading around $2,118.49, marking a 41% year-over-year decline. In contrast, institutional players maintain recurring purchase programs. BitMine Immersion Technologies reported consistent ETH accumulation since June 2025, deploying more than 86% of its balance into network validators to generate staking yield.
Ethereum’s technical roadmap continues to evaluate the rollout of Forward Inclusion Lists (FOCIL) at the consensus layer alongside post-quantum milestones scheduled by core developers for the end of the decade.
