Vitalik Buterin has made some interesting comments about the Ethereum blockchain, all of which suggest that the Ethereum founder is anticipating global dominance, an outlook shared by Joseph Lubin , the co-founder of the Ethereum blockchain. Buterin, who more commonly shares development timelines for the Ethereum blockchain, has clarified his bullish outlook for the network. Responding to assertions made by Lubin, who anticipates that Ethereum will serve a global audience, Buterin insists that the network already has. “Ethereum L1 is the world ledger,” he wrote. The billionaire crypto founder seems to be paying close attention to network development and key milestones achieved recently. One Ethereum supporter observed that $1.25 billion in ETH ETF inflows have been recorded over the past 19 days, marking an increase in institutional interest. Staked ETH tokens have also hit new highs as market players lock 28% of Ether’s token supply. This development comes as multiple Nasdaq-listed firms adopt crypto reserves, further tightening liquidity levels. The price of ETH made a massive price turnaround from the previous year. Although the second most valuable altcoin is still far away from its previously attained all-time high of $4,891, ETH has kicked off a slow but steady recovery since the start of the year. Notably, ETH has emerged as the best-performing cryptocurrency, knocking out leading assets such as Bitcoin and another altcoin to secure a 53% increase in price value over the past 60 days. At the time of this report, ETH is valued at $2,434 per coin. As the Ether supporter further explains before going on to make a case for Ethereum and its native token; “Institutions are noticing. We’ve come together to tell the world why. Introducing ETH: Digital Oil for the Digital Economy.” Buterin, who appeared to have followed these observations, shared an image of a bull, with the Ethereum logo atop its head, signaling a show of support for the bullish assertions made by Ethereum proponents.
