Joseph Lubin, founder of ConsenSys and co-founder of Ethereum, emphasized Ethereum's functional demand over Bitcoin's role during an interview with Bloomberg in Hong Kong. Lubin expressed optimism about the evolving digital assets economy, driven by utility rather than speculation. He argued that Bitcoin should not yet be seen as a traditional safe-haven asset, given the current development challenges. Lubin highlighted Ethereum's competitive advantage due to its utility in powering decentralized applications and smart contracts. He noted that institutional participation is increasing, with major financial entities building on Ethereum-based technologies. This momentum suggests Ethereum is becoming a foundational layer for next-generation finance, despite market volatility. Lubin's remarks underscore confidence in Ethereum's long-term potential and its role in the digital economy.