At Consensus Hong Kong, Lubin Says Blue-Chip DeFi Matches Bank Safety, Warns on Bitcoin's Quantum Risk
Hong Kong officials signaled near-term stablecoin licensing to advance the city’s digital‑asset rulebook.
Overview
- In an on-stage CNBC interview, Consensys founder Joseph Lubin said “blue‑chip” DeFi is roughly as safe as traditional finance.
- He predicted a DeFi breakthrough in 2026 and said AI could accelerate innovation, leaving Ethereum “in great shape” soon.
- Lubin cautioned that bitcoin faces a theoretical long‑term threat from future quantum computing, which he called “Q Day.”
- Hong Kong officials said stablecoin licenses could arrive as soon as next month with new rules for perpetual contracts in the works.
- Market figures Anthony Scaramucci and Tom Lee urged investors to view recent bitcoin declines as buying opportunities, with Scaramucci reiterating a $150,000 target tied to U.S. legislation.