cryptoshitcompra.com/wp-content/uploads/2021/11/Los-comerciantes-de-criptomonedas-are-surprendieron-de-que-las-ballenas.jpg »alt =» »width =» 1259 ″ class = »content- img »/> Source: video screenshot, Youtube / All-In Podcast
A widely shared video taken from a podcast discussion between several well-known venture capitalists about their investments in Solana’s native token, SOL, stunned the crypto community, with many questioning his intentions.
clip, which belongs to a nearly month-long episode of the All-in Podcast, featured investors such as Founding Capital Stock Chamath Palihapitiya and Artisan Companies General Partner David Sacks, and showed just a short segment where investors joked and laughed at the investments of others in SOL.
Among the questions posed in the short video were things like “But you’re holding on, right?” to which Palihapitiya replied “ish.” Later in the video, Palihapitiya also asked “do you think I’m buying something without a discount”, before continuing to say “everything is a discount”.
video was retweeted by various members of the Bitcoin (BTC) and Ethereum (ETH) communities, with many criticizing investors for their apparent lack of interest in the project, as well as a lack of concern for other investors who do not. . they can necessarily buy discounted coins.
Among the many people who shared the video clip on was the famous cryptocurrency trader @DegenSpartan, who commented that “it is a fallacy to think that you are playing on par with any of the VCs.”
Meanwhile, as other users have pointed out, the short video clip, less than a minute long, did not provide a very good picture of what the discussion really was among investors.
In the full version of the video, uploaded to the YouTube channel All-in Podcast, a more nuanced discussion could be heard, with investors talking about Solana’s merits and their investments in him.
For example, David Sacks explained how his company has been exposed to Solana since the early days of the protocol through an investment in the cryptocurrency investment firm. Multi-currency capital, and they have now earned “about a billion dollars” in returns on their investment.
Furthermore, Sacks was also heard in the video that there is “a lot of smart money in Silicon Valley that is betting on a sea change where Solana may eventually overtake Ethereum as the preferred platform.” [for smart contracts] ”, and that this gave him the conviction to keep the position.
Ethereum differs from Solana in that it is a decentralized network, while Solana suffered a major outage in September when the network went offline for 17 hours.
Also, speaking of the timing of investments like SOL’s, Chamath Palihapitiya explained that the time frame depends on whether it is viewed as “an investment or an idea that you love so much,” adding “if it’s the latter, you shouldn’t.” never sell ‘.
And while some investors may be intimidated that larger investors entered discounted prices long before them, some industry observers remain optimistic about Solana’s future.
Based on responses from a panel of 50 fintech specialists, a ratio published by Finder.com on Thursday averaged SOL’s price predictions of $ 235 by the end of 2021, $ 1,178 by the end of 2025 and $ 5,057 by the end of 2030. .
At 15:27 UTC, SOL, ranked fourth by market cap, was trading at $ 239, an increase of almost 6% in the last 24 hours and 30% in the last 7 days. price has skyrocketed by more than 16,800% in one year.
SOL price chart:
png »alt =» »width =» 736 ″ class = »content-img» /> Source: coingecko.com
It is worth noting, however, that the speakers’ forecasts varied considerably. Among the most pessimistic was the CEO of the trading platform. Coinmama, Sagi Bakshi, who indicated a price of 50 dollars in 2030, saying that he “has no idea if Solana will survive.”
On the other end of the spectrum was Daniel Cawrey, COO of Sustaining Cypherpunk, who has forecast a price tag of $ 20,000 by 2030, saying “it’s a better fit than ether and it’s already up for grabs.”
Meanwhile, cryptocurrency exchange Kraken also noted in a relationship today that “SOL has continued to increasingly attract the attention of new and existing market operators, especially institutions.”
“Given that SOL appears to remain in what could be considered its third wave of ‘price discovery’, it could be argued that SOL will increase significantly over the next year,” says the report, suggesting a price target of between $ 400 and $ 400. 500 between December and the first quarter of next year .___
Check out the full episode below!
_____Learn more: – SOL rally with solid technical data, all-time high in total locked value – Solana resists sale as details of network outage emerge
– Future of Multiple Chains Brings More Competitors to Bitcoin and Ethereum – Analysts – Ethereum, Solana, Polygon & Co Form New Trendy Blockchain Market
– Ethereum developers explain why they don’t see Cardano and Binance Chain as rivals – Solana founder on critical DeFi challenges and how to solve them
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