 Welcome to the last set news. Take a top stories in crypto and bring out a bite-sized piece is today The question really has to be asked is did we miss the boat on Solana? And should we actually being vesting in Solana after a 343 increased in less than 30 days So we'll take a look at what's going on as far as like where we are now the Solana ecosystem And we're going to compare Solana to ethereum in 2017 and the parabolic run it went through Also, we'll take a look at Solana CEO interview and some main points and dissect that And lastly, we'll take a look at price action or price predictions So before we jump into all of that and what's going on specifically in the market I want to just bring to light a quick article about social security And medicare and that's in the united states not in the united states We have social security, which you know gives us a little bit of money in our retirement and medicare is like our is our Health care system for everybody 65 and older. No, we don't have universal health care So what I want to say is congratulations to everybody who was invested in the crypto Because there's going to be a lot more things like this coming on the pipe And uh, I just would say to you, uh, just be cautious about what's going on. So real quick Social security now projected run out of money sooner than expected The social security trust fund most americans rely on for their retirement Will run out of money in 12 years One year sooner than expected the financial outlook for social security and medicare is also bleak as we're looking to round of medicare As far as the hospital reimbursement and six years or less So, uh, that is what is going on. So just remember something, uh, cryptocurrency Was created out of the the financial devastation of the 2008 Housing market crisis bitcoin specifically So when we take a look at what is going on in the world around us and our governments You can't trust anybody the only one you can trust is you so do your own research and do your due diligence And make sure that you are in the right place at the right time, which I think you are All right. So that is that little snippet Uh, a little, uh drop of scare scaring this but uh, here's some good news First of all, uh, the market cap today is fantastic 2.27 trillion touches 2.3 trillion goes up and down and so on so forth bitcoin price Just won over 50 000 and just went down to 49 9 and the average, uh daily sentiment still 43 about you know halfway there But the bitcoin daily sentiment is 70 out of 100 and this is we are again Using trade the chain for some reason I keep getting questions about this about what i'm using it's trade the chain There's a link in the description looks just like this And you can go there for sentiment analysis on every crypto current digital assets that are pretty much is out there At least the top like 400 or 500 or something crazy like that. So check out trade the chain and that is what is going on Let's just jump in to today's Topics, which is solana solana and more solana. So not so much it as far as news. We know what's going on Look cardano is about to hit their um, their smart contracts We see a lot of things with ethereum moving forward. Yes gas fees are high therium 2.0 Hopefully right around the corner and a lot of different things that are going on and uh, el salvador I believe on the uh 7th is going to make uh bitcoin. It's legal tender So a lot of great things going on But what I want to focus on today was solana because everything has just been going up And the question I keep getting asked is did I miss the boat and uh to answer that question We have to do just uh, you know our due diligence. So first of all, where the heck are we? Well, solana today just passed dogecoin, which is crazy to me that it just passed dogecoin And I said here solana overtakes dogecoin even though doge is bursting with utility A stellar team of developers and fantastic tokenomics and of course that is sarcasm So, uh, there is a huge disconnect in the market as far as like, uh, what is actual utility everything else? I know dogecoin all your holders are gonna, you know, just rail on me But I gotta I mean when we go through this this solana You cannot tell me that dogecoin has more utility than solana So we'll we'll just we'll just go there. I'm happy for you. I mean, if you invest in dogecoin great Good job. I invest in dogecoin a long time ago made a good amount of money. Uh, but that's not what we're here for So that is where we are right now and solana is uh looking around 143 dollars, which is pretty good It's considering like last year. It was like 50 cents or something crazy like that And then uh, me and mike the investor We also uh, did a deep dive into this we talked about cardano and solana And uh, we'll link that in the description below a lot of great information there Especially for mike, he knows a lot about solana and a lot a lot of what's going on So I highly recommend that video if you want to go even deeper But take a look at where are we now? This is where we're at and everybody's really enthralled with what is going on as far as like solana and transactions per second You're gonna hear that a lot tps transactions per second How many times can solana actually transact in on the blockchain in a second? And how fast is it as compared to something else, right? So like right now if you go to solana.com, it'll tell you live transactions per second Is 1662 that's pretty good because bitcoin is like in the teens I can't even tell you what it is 7 to 14 something like that ethereum is like around 45 Cardano is uh, not that high. Oh, whatsoever. And then of course in solana. Hey, it's uh, pretty high Which people will ask well, how close is that to like a visa? Why did you ask that question? So with with visa they do about 1700 transactions per second So right away I can tell you solana is doing pretty much what visa is now There's a question about finality and how that all works and and and and as it actually goes through Is there like a final settlement? It's not what we're talking about today. Just transaction second pretty good You got a lot of validator nodes almost a thousand So yeah, okay We'll say it's a pretty good decentralized and the the next question that we're going to take a look at is You know how things are going is the ecosystem. So how does solana stack up? Well If you go back here, let me flip this through here And let me blow this up so you can see what I see so With the ecosystem itself if you go to again salana.com forward slash ecosystem, I will link that in the description Uh ftx pretty big exchange Uh sam beekman freed. I believe his name is uh, I know I butcher his name So I of course every time in the comments how I butchered it But uh, of course, uh for salana ftx and alameda research chose salana for speed And we're going to talk about this real quick when the ceo salana talks about how He met up with the ceo of ftx and what they did. So there's one part to that and then it gets a little crazier usdc The stablecoin from circle chose salana for fast global settlement 500 million or 50 million average issue daily 837 million issued on salana not too bad. And then also, uh metaplex chose salana to elevate creators And metaplex is for nfts and those seem to be doing pretty good lately If you've been following the nft revolution what's going on, but what's I want to want you notice is here 34 cents average mint cost to mint an nft on metaplex Which is run on top of salana is 34 cents average auction cost is three dollars So if you want to talk about getting up to the masses that is huge and on top of that You've also got soul c.io, which is an nft marketplace Which is goes live today and I'll see you've got another one called salon art.io Which is also doing nfts right now. So it's not like it's vaporware and then to move forward audience, uh, that's that's uh Great one just got picked up by tiktok Chose salana to scale so that says something about that and then of course back around we go And that's just the top ones but now If you look at the projects that are being built on it. Here's 332 more So I'm not going to go through all these but you're welcome to do that I will link this in the description. You can check it out But uh, it seems like salana has no shortage of people or projects being built upon it looking pretty good So that is that piece and also there was one more thing about how Salana 50 000 electric vehicles charging stations in europe to offer crypto payments There's two payments have partnered up to roll out crypto across 50 000 It's uh hips hips payment group limited and vorty The integration of crypto payments with charging stations will occur over the next three years Starting november 2021 and that's right around the corner. So like I've always said, I think q4 Is going to be fireworks for cryptocurrency and this is their actual Payment terminal looks pretty cool, right? You got let's say visa right here You got crypto apple pay start charging membership swish and so on and so forth And that's going to be for all electrical vehicle payments and the protocol Was built on ethereum and salana in may 2021 and plans to expand support to cardano In the future and that's before we go on I need to make mention of one thing and that is that we are talking about salana And don't be confused that just because i'm talking about salana in depth today that that's all i'm investing in I believe that people Well, I believe for myself. I can't tell you i'm not a financial advisor. This is just a financial opinion Not financial advice, but I really do believe that it's not a zero sum game It's not a one token to rule them all highlander nonsense I think there's a lot of different space for this and even if we go up to I don't know 100 150 trillion dollar market cap Even if ethereum is 50 percent of that We've got somebody else like a salana like a cardano or whatever else or vice versa It doesn't really matter. I think uh, we are so early right now. It really doesn't matter I think we should stop the tribalism and gets a little bit ridiculous and uh, that's just my two cents So, uh, that is that little piece right there and then the next part here If we talk about salana, what's going on there was this, uh I belong to the uh patreon group over at invest answers with james and he put this out This was a real rowl pal Over there at real vision. He said salana is the east of this cycle He also said that ethereum is the greatest trade of all time as far as like risk to reward ratio And uh, I thought it was interesting because i'm like, huh salana is the east of this cycle Well, it could be because back in gosh, let me blow this up Back in the good old days 2015 or sorry 2017 you saw the price of ethereum 10 bucks 9 bucks 965 and it went all the way in about a year To $1,100 that's a pretty good deal and then for uh, Solana we take a look at that if we just go back just one year It was about two bucks, right? And then we go all the way up to here to just a measly 128 or 143 whatever is right now So I think it's got a ways to go and we've seen a lot of things like that But salana could be the 2017 eth because everybody compares it to it as far as an eth killer I don't think anything's like a real big eth killer right now I think ethereum will go to 10k regardless because Everybody says it's going to go and everybody believes in it But uh, we'll see what happens when eth 2.0 comes out. I think There'll be a a big dip after that. But who knows so, um, I think salana could be that 2017 ride so on top of that I wanted to share with you just the basics for it was a interview on bloomberg called odd lots and they just had on The CEO of salana and toli and a toli yoko venko I'm pretty sure I know that one and they just had asked him a couple questions He answered and it I think it's important to understand where he's coming from As far as like who he is who his team is what they do in the utility So, uh, I can't blow this up because it just looks a little bit goofy Someone's going to read it to you right down here in introduction But banks aren't losing money defy defy user user interface is tough for noobs Ethereum is tough for serious trading because of wait times and gas fees and that's true If you're an ethereum maximalist, you got to be True and tell me that the ethereum gas fees are out of control. All right. So it says here This was the anatoly people kind of accept that blockchain is an inefficient database The trade-off is called the tri lemma Decentralization performance and security. That's the problem You can't do everything in blockchain because either you're going to have a decentralized factor or You can centralize it and you can scale it and make it super secure But it's not decentralized or you can make it super to centralize But it's not really that secure and uh, you can't really scale too well And that's why a theorem is going for proof of work to prove mistake So, uh, they're saying eth and pow systems weren't designed to maximize bandwidth And uh, this is what was interesting to me and a toly's background the ceo Most of the career was at qualcom from 2003 flip phones. I remember those 2015 optimizing augmented reality on a supercomputer. He says, uh, you can use multiple You can use time division multiple access how 2g cellular networks work If you allow everyone to transmit on the cellular network at the same time you get noise This is similar to proof of work networks. So this is how we figured out this thing called proof of history Instead of proof of work or proof of state This is a clock outside of consensus It rotates the buttons of when any block producer and transmits a block due to about every 1.6 seconds Makes consensus much more efficient and removes, uh, many bottlenecks and then to go on No, not there the goals of salana Let's see and this was interesting and this really gets down to just how early we really are So listen to this and it's always says the seed level slide deck Literally said blockchain at nasdaq speed and that was what he would give to his investors just to talk about salana And he said initially they'd be going after monopolies like nasdaq and cme And at first it was a dream felt like a silly tagline on a slide deck But now it feels real I think there's a chance that financial execution trading can actually run on salana In the next five to ten years For the majority of things that are traded in the world and that's really what it comes down to So you see where his background is you see what he's been doing and he can even tell you that the CEO of salana goes Look, this is a great project. And I think we can do really well But we're like five to ten years away from what it is So when you think like, ah, you know, I missed the opportunity and this isn't the right time and da da You're so early of no idea. And that's just really what it comes down to so Moving on to the next piece here I already did that one Let's talk about Price action And that's the big thing and before I talk about this I'll just tell you what I'm doing personally So there are a couple of things that I still dollar cost average every single day And one of those is salana and I haven't stopped that yet. I don't think We're near where we should be I did a price prediction video not too long on june And I gave a prediction that I thought it would go to 200 bucks. This is when salana was at $23 And I said there's no way that it can't go at least back to its all-time high and not hit 200 bucks And now I mean now we're at almost 150 and I think I low balled it But I mean look no one's gonna be mad at me for for low balling something So I think we are exactly where we should be. So I still dollar cost average Salana I still dollar cost average cardano every couple of days not every single day And also avalanche and a couple other ones. I do not dollar cost average bitcoin anymore. I think it's For me, it's done. I've got it. I've got my positions. Ethereum I don't dollar cost average anymore because I think for me right now it's done And uh, that's for me now if people want to be more safe and dollar cost average, that's fine I just think of that for me. I've already got my safe positions Now I do a little bit more riskier stuff and off I go So if you talk about this price of 200 dollars, maybe I really am low balling it Let's take a look here. So there's the market cap calculator. So the coins. It's about 143 It's circulating supply is let's take a look make sure I'm correct Circulating supply is 291 billion no million 258,212 so we go back over here to an island blah blah and its market cap is 41 just 41 billion. So market cap around 41. Yeah, exactly So 41 billion so not too shabby in itself. So we're looking at Solana 41 billion Why couldn't we're only at 2 trillion dollars 2.3 trillion right now? Why couldn't Solana? I mean we're at 143 to hit 300. We just need 82 billion Which would put it right around finance coin. Why couldn't we do that? Isn't there enough out there where people are speculating to go this could really do it And then that's the 300 so 200 dollars. I don't see I think we're gonna blow right past I think I'm a little bit off, but that's where I see it could go And uh, this to me is 100 to 150 trillion dollar market cap asset class And that's where I see it and the reason is is because of this graphic, which I talk about all the time Take a look at this See this little square right here. It says silver Silver right here That little square that's a hundred billion dollars. It's a hundred billion. That's silver right there crypto is about this This was uh, this was made in May 27 2020 Here's the military spending. I know that went up. Here's the budget deficit that went way up coins feds balance sheet billionaires gold Uh, gold's at a 12 trillion dollar market cap portion 500 stock markets. You're looking at almost 100 trillion dollars It says 89.5 right here, but uh, yeah 100 trillion dollars for the for the stock market. Couldn't we tokenize some of that? How about the money supply? How about the global debt? How about the real estate? Can we tokenize real estate? How about the wealth that's out there? And that's for everybody throughout the entire globe and what about derivatives and we're talking about uh, I mean everything you could possibly think of And then here's how far it goes. We're talking about one quadrillion One quadrillion dollars. So if you think that 2 trillion 2.4 or 5 trillion is the limit look where we're at right here for the entire world's money and markets And that is it. So look Uh, I still think so long's got a long ways to go. We'll see how far it has to go but again Um, only time will tell but for everything I just talked about you have to be aware that what goes up Will come down and that there is only so much that it can actually be pumped into and it's not a straight up hockey stick There's going to be volatility and peaks and valleys. So just be cautious and that's it for today So look, yeah, if you like the video found a little uh value in it Uh, give it a like give it a thumbs up all consider subscribing I think we talk about our time sensitive and that's it for today. So thanks so much. I appreciate it And I'll see you on the next one