ETH is down 50% from its all-time high. The vibes among crypto investors are terrible. Your timeline is full of people calling for lower lows.
But Leo Lanza, one of the loudest Ethereum bulls, isn't budging.
His conviction comes from a simple observation: Ethereum can't be replicated. It was born in an era before VC funds started pumping billions into centralized alt-L1s that introduce counterparty risk from day one. As Leo puts it, Ethereum is like Netflix replacing Blockbuster, what’s referred to as creative destruction, a concept popularized by Joseph Schumpeter where innovation destroys old industries to create new, more productive ones. And just like you can't recreate the conditions that made Netflix possible today, you can't recreate Ethereum's decentralized origins in 2026.
In a new episode of The Edge Podcast, we spent an hour digging into why Leo remains steadfast. He walks through the math behind his $80,000 price target (estimating it hits when TVL reaches $3 trillion). He explains why the CLARITY Act could be crypto's biggest catalyst ever, as financial institutions have been waiting on the sidelines for regulatory certainty. And he makes the case that L2s aren't Ethereum's weakness, they're its secret weapon for distribution.
Leo doesn't sugarcoat the bear case either. He talks about what worries him (AI's impact on markets, regulatory uncertainty) and what could actually break his thesis.
But when you look at the alt-L1s collapsing in real time, chains having raised billions but can't convince founders anymore to build where there's no liquidity or trust, you start to understand why he's so convicted.
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🔗 Guest Links 🔗
► Leo's YouTube: youtube.com/@l3olanza
► Leo Lanza on X: x.com/leolanza
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DISCLAIMER: Nothing written in The Edge Newsletter or said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed in our content are solely the opinion of that writer, host, or guest. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this content. DeFi Dad, Nomatic, and Leo all hold ETH.
