Latest / The Paul Barron Crypto Show / Solana $300 Potential!🚨Jim Cramer Dooms Apple!🔥w/ Joe McCann

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Solana $300 Potential!🚨Jim Cramer Dooms Apple!🔥w/ Joe McCann · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Jim Kramer may have set up Solana in a very
• 0:09
  Speaker 1: good way. Today, I'll break it down for you. My
• 0:10
  Speaker 1: name is Small Para. Welcome back to the show. Let's
• 0:12
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• 0:37
  Speaker 1: Hey, listen, I wanted to bring back a guest who
• 0:40
  Speaker 1: has been on our show before, and that is Joe
• 0:42
  Speaker 1: McCann coming in from Asymmetric.
• 0:43
  Speaker 2: How are you.
• 0:45
  Speaker 3: I'm well, thanks for having me back.
• 0:47
  Speaker 2: Yeah, good to see you.
• 0:48
  Speaker 1: So Joe, let's get into a few points here. I
• 0:51
  Speaker 1: had mister mcclu gone yesterday Canary Capital. We did a
• 0:56
  Speaker 1: nice show with him, and he said something to me
• 0:59
  Speaker 1: that I was a little bit surprised at, and he
• 1:01
  Speaker 1: said he thought that Solana would not reach its all
• 1:05
  Speaker 1: time high in this market.
• 1:07
  Speaker 2: Again, what's your opinion? I think I know where it's going.
• 1:10
  Speaker 4: To be, But what do you what's your I mean
• 1:12
  Speaker 4: that makes me even more bullish, because you know, I
• 1:16
  Speaker 4: think when people and everybody's a bit euphoric, that's when
• 1:19
  Speaker 4: things don't happen. And look, there's there's so many tailwinds
• 1:24
  Speaker 4: behind Solana. Where do I start? Number one, let's focus
• 1:27
  Speaker 4: on the institutional side. There's an ETF that's already approved
• 1:30
  Speaker 4: with STAKING, the first ETF ever to be approved with Staking.
• 1:33
  Speaker 4: There are a number of other ETFs that are likely
• 1:36
  Speaker 4: going to be approved at some point this summer. You
• 1:38
  Speaker 4: have the Solana Treasury. Companies like Defight, Development, Course Corp,
• 1:43
  Speaker 4: Soul Strategies and UPEXI all trading well above their respective mnads.
• 1:49
  Speaker 4: There's a there is an institutional interest in Solana for
• 1:54
  Speaker 4: building on Solana. So you know, I think contrary to
• 1:58
  Speaker 4: popular belief, I think a lot of folks thinks the
• 2:00
  Speaker 4: asset managers and banks and institutions are only about building
• 2:03
  Speaker 4: on the theory and it's simply not true. Franklin, Templeton, Fidelity,
• 2:08
  Speaker 4: some of the biggest asset managers and banks in the
• 2:10
  Speaker 4: world are also building on Solana. In fact, for Fidelity
• 2:14
  Speaker 4: of months ago had job descriptions for Solana engineers. Right, So,
• 2:17
  Speaker 4: I think there's institutional tailwinds. But I think also if
• 2:20
  Speaker 4: you look at the fundamentals across all blockchains and layer twos,
• 2:24
  Speaker 4: Solana continues to dominate. It's not even close in terms
• 2:28
  Speaker 4: of effectively every KPI that one would be of interest
• 2:31
  Speaker 4: to evaluate the value of a blockchain.
• 2:35
  Speaker 1: Well, and I think to your point, is there one
• 2:38
  Speaker 1: very strong ecosystem Now it's starting to make its way
• 2:41
  Speaker 1: into traditional finance, which will only strengthen it as a
• 2:44
  Speaker 1: whole coinbased assets came in and they're dropping an adding
• 2:48
  Speaker 1: support for pumped off fund This will be on the
• 2:50
  Speaker 1: Salona network.
• 2:51
  Speaker 2: Obviously we were talking about that.
• 2:52
  Speaker 1: But when you look at this, do you feel like
• 2:56
  Speaker 1: this proves out that meme coins are not over just yet?
• 3:01
  Speaker 3: Oh?
• 3:02
  Speaker 4: Yeah, I mean I've been saying this for years now.
• 3:04
  Speaker 4: I get asked repeatedly, you know, because I had a
• 3:07
  Speaker 4: was the first institutional fund manager to buy meme coins
• 3:10
  Speaker 4: in twenty twenty three, and it was a huge driver
• 3:12
  Speaker 4: of our performance for that year. People ask me, is
• 3:15
  Speaker 4: it over and I'm like, think about meme coins like
• 3:17
  Speaker 4: software releases. Right, So you've got a one dot zho,
• 3:19
  Speaker 4: a two point oho, a three point zero, a four
• 3:21
  Speaker 4: point zero. That's effectively what happens with meme coins or frankly,
• 3:25
  Speaker 4: any sort of narrative in crypto in general. And I
• 3:28
  Speaker 4: think one of the most interesting things about pump out
• 3:31
  Speaker 4: Fund is that number one, they're attempting to enable you know,
• 3:36
  Speaker 4: streamers and content creators to have these kind of creator
• 3:40
  Speaker 4: coins they can monetize directly as opposed to just getting
• 3:43
  Speaker 4: paid you know, through Twitch or whatever. But two, and
• 3:46
  Speaker 4: I think this gets back to the original question. You
• 3:49
  Speaker 4: just had five hundred million dollars raised on chain, not
• 3:53
  Speaker 4: one hundred percent of it, but most of it was
• 3:54
  Speaker 4: raised on chain in less than twelve minutes. So there's
• 3:56
  Speaker 4: now a very strong case study for capital formation at
• 4:01
  Speaker 4: global scale.
• 4:02
  Speaker 3: Pain on Solana and pump was the first one to
• 4:05
  Speaker 3: really do that.
• 4:07
  Speaker 1: Yeah, I think that's a key factor. I think when
• 4:09
  Speaker 1: you look at especially the future of content, especially if
• 4:12
  Speaker 1: we start to see streaming payments integration into this, where
• 4:15
  Speaker 1: we do see creators going kind of direct and bypassing
• 4:19
  Speaker 1: the middleman. That'll be a huge factor going I think
• 4:22
  Speaker 1: into the future. Another area that's probably going to grow
• 4:25
  Speaker 1: is the area around betting. Now you look at the
• 4:28
  Speaker 1: performance of Polymarket. Now we've got a situation maybe where
• 4:33
  Speaker 1: Polymarket is starting to I think I guess Polygon to
• 4:36
  Speaker 1: a certain extent, Polymarket getting a lot of open blue
• 4:39
  Speaker 1: lane now that they are out from underneath this investigation.
• 4:43
  Speaker 1: What is your opinion on this? Is Solona potentially losing
• 4:46
  Speaker 1: maybe the gambler side of the market, which are these
• 4:49
  Speaker 1: small bets like the ten to one hundred dollars range
• 4:53
  Speaker 1: into what's happening over on the Polygon chain. Do you
• 4:56
  Speaker 1: think there's any concern there on that.
• 5:01
  Speaker 4: No, not really, and I think part of it is
• 5:03
  Speaker 4: Number one, you know, hats off to poly Market for
• 5:05
  Speaker 4: building such an amazing business, but these prediction markets have
• 5:09
  Speaker 4: existed in other venues before blockchains existed. And now I
• 5:14
  Speaker 4: think given that, you know, poly market has raised money
• 5:18
  Speaker 4: at a unicorn level valuation that is now peaked the
• 5:22
  Speaker 4: interest likely of a bunch of entrepreneurs and innovators that
• 5:25
  Speaker 4: are going to look to build the better, faster, cheaper,
• 5:28
  Speaker 4: stronger version of Polymarket. So I think builders today will
• 5:33
  Speaker 4: look at what platform are going to be building on,
• 5:36
  Speaker 4: and that's likely going to be Solana. And the data
• 5:39
  Speaker 4: actually supports this. If you look at the latest Electric
• 5:41
  Speaker 4: Capital Developer survey from last year, the majority of the
• 5:44
  Speaker 4: growth is all happening with Solana. So if anything, poly
• 5:47
  Speaker 4: market success is you know, validating the market. And there's
• 5:52
  Speaker 4: going to be other competitors in the in the space,
• 5:54
  Speaker 4: and I think that they will be building on Salona.
• 5:56
  Speaker 1: Okay, so you think they're going to build on Slana.
• 5:58
  Speaker 1: Of course, right here you can kind of see the
• 6:00
  Speaker 1: Department of Justice sends their investigations with Polymarket. That's going
• 6:03
  Speaker 1: to be a good signed form and likelihood is you
• 6:06
  Speaker 1: see it right there, Polymarket Foundation, we're going to see
• 6:10
  Speaker 1: a token launch. You feel like it's going to happen
• 6:12
  Speaker 1: on Solana. What do you think the valuation is going
• 6:14
  Speaker 1: to go to on this thing?
• 6:17
  Speaker 4: Well, one, I don't know if they'll launch their token
• 6:19
  Speaker 4: on Solana. I think it would be wise to do that,
• 6:22
  Speaker 4: but they may have some technical reason and or you know,
• 6:27
  Speaker 4: affinity to doing it on Polygonal or Etheroeum in general,
• 6:32
  Speaker 4: where does it trade? I have no idea. I mean,
• 6:35
  Speaker 4: if you look at what happened with pumped out Fun. Now, granted,
• 6:38
  Speaker 4: pumped out Fun is probably, you know, the fastest company
• 6:42
  Speaker 4: to ever get to hundreds of millions of dollars in revenue.
• 6:46
  Speaker 4: There's a lot of excitement around that deal. There's a
• 6:50
  Speaker 4: lot of excitement around polymarket.
• 6:51
  Speaker 3: So I would.
• 6:52
  Speaker 4: Anticipate that their token launch likely trades up pretty high
• 6:56
  Speaker 4: depending on how they price it.
• 6:58
  Speaker 3: As well as the allocation.
• 7:00
  Speaker 4: You want to be careful when you're crafting these things
• 7:03
  Speaker 4: as the CEO of a company to ensure that you're
• 7:05
  Speaker 4: not upsetting your community, or your investors, or the potential
• 7:09
  Speaker 4: people that are purchasing the token. So it's a delicate
• 7:11
  Speaker 4: balancing act.
• 7:12
  Speaker 1: Yeah, for sure, I would agree with that. Listen, it's
• 7:16
  Speaker 1: going to play out in a very unique way. We're
• 7:18
  Speaker 1: going to be watching it very closely. Another area that
• 7:20
  Speaker 1: is leading on Solana is what's happening with X stocks
• 7:23
  Speaker 1: And I'll kind of zoom in on that right there,
• 7:25
  Speaker 1: just to give you an example of some of the
• 7:26
  Speaker 1: distribution there by bit seventy million, you get it. There's
• 7:30
  Speaker 1: a list right there, kracking, ok X, Phantom, Soulflare, etc.
• 7:33
  Speaker 2: This role rolls.
• 7:35
  Speaker 1: Into two hundred million users that have access to x stocks.
• 7:40
  Speaker 2: This is huge.
• 7:41
  Speaker 1: Do you think that maybe Solana being first, I should
• 7:46
  Speaker 1: say within the Salona ecosystem, being first is a win
• 7:50
  Speaker 1: or do you think the role in of what we're
• 7:52
  Speaker 1: seeing around arbitrum and you know, Robinhood obviously and most
• 7:56
  Speaker 1: likely other sophisticated trading firms going on chain as well,
• 8:01
  Speaker 1: do you think there's going to be a demand across
• 8:03
  Speaker 1: all market so you think Solona could maybe take an
• 8:05
  Speaker 1: edge on this.
• 8:06
  Speaker 4: Coinbase launched base and it's been wildly successful as a
• 8:11
  Speaker 4: revenue generating product for coinbase. Coinbase is a publicly traded company.
• 8:14
  Speaker 4: They need to drive value to their shareholders. Robinhood is
• 8:18
  Speaker 4: also a publicly traded company that needs to drive value
• 8:20
  Speaker 4: to their shareholders. It makes sense that they would also
• 8:23
  Speaker 4: then do an L two where they can capture all
• 8:26
  Speaker 4: the fees from the sequencer. Now, if you flip that
• 8:29
  Speaker 4: to the ones that you showed on the you know
• 8:30
  Speaker 4: that screen from Phantom to okax to crack and et cetera,
• 8:34
  Speaker 4: that's a different approach because even though crack and Yes
• 8:38
  Speaker 4: is a private company and ok x is yes a
• 8:40
  Speaker 4: private company, a for profit company. I think there's a
• 8:43
  Speaker 4: delineation between we want to control the experience to generate
• 8:48
  Speaker 4: revenue versus we want to be enabling our network of
• 8:51
  Speaker 4: users to gain access to these stocks. And I think
• 8:56
  Speaker 4: that that approach is going to serve folks really well
• 8:59
  Speaker 4: because the amount of kind of liquidity and trading capabilities
• 9:03
  Speaker 4: that are only possible on Solana will ensure that more
• 9:07
  Speaker 4: and more people are getting access to these things versus
• 9:10
  Speaker 4: having to go through say a US based entity or
• 9:14
  Speaker 4: a ky seed approach through like a you know, a
• 9:16
  Speaker 4: coinbase or Robinhood.
• 9:18
  Speaker 2: Yeah.
• 9:18
  Speaker 1: Yeah, well, I think the non KYC scenario that plays
• 9:22
  Speaker 1: into this, you know, especially for international, that's.
• 9:24
  Speaker 2: A huge factor.
• 9:25
  Speaker 1: If you look at defive excuse me, DeFi lama right here,
• 9:29
  Speaker 1: hyper Liquid kind of lea leading the space right there,
• 9:31
  Speaker 1: but Jupiter and Drift right.
• 9:33
  Speaker 2: Behind it in reality.
• 9:35
  Speaker 1: So could this be a scenario where Jupiter starts to
• 9:38
  Speaker 1: get an edge here and makes a run at hyper Liquid.
• 9:42
  Speaker 1: What do you think the future of Jupiter is going
• 9:44
  Speaker 1: to be in terms of growth?
• 9:47
  Speaker 3: Yeah?
• 9:47
  Speaker 4: Look, I mean you have to give credit to the
• 9:49
  Speaker 4: hyper Liquid team. They've built an amazing product, They've captured
• 9:52
  Speaker 4: the mind share, they did amazing air drop. Nothing but
• 9:56
  Speaker 4: respect for that team and what they've built. I think
• 9:59
  Speaker 4: some of the upc changes to Solana's core, as well
• 10:03
  Speaker 4: as the validators that are going to be running on
• 10:05
  Speaker 4: the network, will make the benefit of hyper Liquid being
• 10:10
  Speaker 4: an l one that hasn't effectively an non chain order
• 10:13
  Speaker 4: book baked into it irrelevant. I think you will start
• 10:16
  Speaker 4: to see some of the things that are coming in
• 10:18
  Speaker 4: the future for Solona and these purpse exchanges, whether it's
• 10:21
  Speaker 4: Jupiter Drift, et cetera, are going to be able to
• 10:24
  Speaker 4: utilize these new capabilities so that you don't have the
• 10:27
  Speaker 4: kind of friction with an on chain order book that
• 10:29
  Speaker 4: you have today on Solana. That's going to change in
• 10:32
  Speaker 4: the future. So I think it's less about, you know,
• 10:35
  Speaker 4: is Jupiter Drift going to make a run for hyper
• 10:37
  Speaker 4: Liquid just based on you know, this token is stocks
• 10:40
  Speaker 4: or some other asset. It's more about the fundamental changes
• 10:43
  Speaker 4: to the validator clients and the core software on the
• 10:46
  Speaker 4: network that's going.
• 10:47
  Speaker 3: To enable any decks to be able to compete.
• 10:49
  Speaker 1: With hyper Yeah, that's the thing I think that's exciting
• 10:52
  Speaker 1: to me is that we're going to see really a
• 10:54
  Speaker 1: leveling of that playing field out there, and obviously this
• 10:57
  Speaker 1: would be huge for Solana. Other things you know we've
• 11:00
  Speaker 1: been talking about here on the show is these treasury companies.
• 11:03
  Speaker 1: Now there's a handful of treasury companies percolating up on Salon.
• 11:07
  Speaker 1: Here's Cantor talking about this right there, dfdv UPEX you
• 11:12
  Speaker 1: mentioned it earlier, right there, Hotel in CNQ. When you
• 11:16
  Speaker 1: look at that and the fact that Cantor is saying
• 11:19
  Speaker 1: these things are undervalued, like they're undervalued, do you believe
• 11:24
  Speaker 1: that is the case right now? And if so, what
• 11:28
  Speaker 1: do you think the market is going to do to
• 11:29
  Speaker 1: respond to that?
• 11:32
  Speaker 4: Yeah? So, I mean I think the market is going
• 11:34
  Speaker 4: to tell you if it's over undervalued. And the way
• 11:37
  Speaker 4: that these treasury companies are valued is based on what's
• 11:39
  Speaker 4: called an m NAB, the multiple against their net asset value.
• 11:42
  Speaker 4: And so you know, micro Strategy is the canonical example
• 11:45
  Speaker 4: of this. They trade around a two x m NAB.
• 11:49
  Speaker 4: You know, they got roughly seventy billion dollars worth a bitcoin.
• 11:52
  Speaker 4: Their market cap.
• 11:53
  Speaker 3: Has roughly double that.
• 11:54
  Speaker 4: Right, Are these Salona treasury companies undervalued relative to their
• 11:59
  Speaker 4: m nabs? Again, it depends on your view of what
• 12:02
  Speaker 4: they can do in the future. Because the key difference
• 12:04
  Speaker 4: with a Solana treasury company versus a Bitcoin one is bitcoin.
• 12:08
  Speaker 4: They only basically have access to the capital markets to
• 12:11
  Speaker 4: get cheap debt or do you know, air offerings to
• 12:14
  Speaker 4: go buy more bitcoin, which is great, but there's no
• 12:17
  Speaker 4: operating company. Because Solon is a proof of sake network,
• 12:21
  Speaker 4: these companies like DFDV and Soul Strategies, et cetera, will
• 12:25
  Speaker 4: stake the soul they have to earn that yield, and
• 12:28
  Speaker 4: so the market is likely to go into value these
• 12:31
  Speaker 4: companies based on what I see as a Salona hurdle rate.
• 12:35
  Speaker 4: That means the price of soul going up coupled with
• 12:38
  Speaker 4: the inflation rate. If they're able to generate yield above
• 12:42
  Speaker 4: that hurdle rate, the market should actually price them higher.
• 12:45
  Speaker 4: I think that's going to be the case for Bitcoin,
• 12:47
  Speaker 4: Ethereum and Solana. You're going to have a winner takes
• 12:50
  Speaker 4: most in each one of these. I don't know which
• 12:52
  Speaker 4: one it will be, but ultimately each of these companies
• 12:55
  Speaker 4: is going to be focused on accumulating as much of
• 12:58
  Speaker 4: you know that cryptocurrency.
• 13:00
  Speaker 3: You know. My obvious opinion here is.
• 13:02
  Speaker 4: That Bitcoin is going to remain the asset and Solana
• 13:05
  Speaker 4: is going to be the infrastructure. And if you see
• 13:08
  Speaker 4: Solana as being the infrastructure, you will have the ability
• 13:11
  Speaker 4: for folks to invest Solona into the Web three community
• 13:15
  Speaker 4: protocols and projects and generate that additional yield.
• 13:19
  Speaker 1: Well, which is huge. I think a lot of people
• 13:21
  Speaker 1: haven't put their heads around this. That's a seismic shift
• 13:25
  Speaker 1: in how you would invest in companies, especially in the
• 13:27
  Speaker 1: way they're going to perform with all of that happening.
• 13:31
  Speaker 1: And you think about where Seeker is right now, You're
• 13:34
  Speaker 1: already seeing five hundred sign up.
• 13:36
  Speaker 2: This is right here just on the.
• 13:37
  Speaker 1: Salon of Mobile Hackathonic. This is probably going to launch
• 13:39
  Speaker 1: with a just a heap looad of DAPs. You know,
• 13:43
  Speaker 1: in terms of overall do you think that this is
• 13:45
  Speaker 1: still underestimated right now, the Seeker and the ecosystem that
• 13:50
  Speaker 1: might bring I do.
• 13:52
  Speaker 4: I mean, I've been saying this for years that I
• 13:54
  Speaker 4: think mobile is going to be the thing that onboards
• 13:57
  Speaker 4: billions of people into crypto, and it's because it's like
• 14:00
  Speaker 4: going to be mostly abstracted away. And the beauty of
• 14:02
  Speaker 4: the Salona phones is they have the signing capabilities of
• 14:06
  Speaker 4: your wallet baked into the device. Furthermore, you mentioned the
• 14:10
  Speaker 4: Bonk air drop. That kind of drove a lot of
• 14:13
  Speaker 4: excitement around the saga, that's true. And what's fascinating about
• 14:18
  Speaker 4: that is it's a new way of going to market
• 14:21
  Speaker 4: for new.
• 14:22
  Speaker 3: Projects and protocols. Right.
• 14:23
  Speaker 4: They could just air drop you know whatever to various
• 14:26
  Speaker 4: people's wallets, or they could be like, we're going to
• 14:28
  Speaker 4: do an air drop on the Seeker and now we're
• 14:31
  Speaker 4: going to have you know, front page real estate so
• 14:33
  Speaker 4: to speak for our application. I think this is just
• 14:37
  Speaker 4: a wild and very innovative way of improving one's go
• 14:40
  Speaker 4: to market because you're also getting a very targeted audience
• 14:43
  Speaker 4: of people who are owning the Salona phones.
• 14:46
  Speaker 1: And I think it also in a way helps Slana
• 14:48
  Speaker 1: in general because it opened up the treasure trove of
• 14:52
  Speaker 1: how marketing for Web three could be done. You were
• 14:55
  Speaker 1: there what in November of twenty three calling this exact
• 14:59
  Speaker 1: same thing, Bok.
• 15:00
  Speaker 2: It's that simple.
• 15:02
  Speaker 1: So it's right if you compare Bank and what's happening
• 15:06
  Speaker 1: over on on chain summer with Base, I mean, which
• 15:09
  Speaker 1: one do you think does better right now in this
• 15:13
  Speaker 1: hyperactive market, especially with Seeker getting ready to launch next month.
• 15:18
  Speaker 3: Bonk It's that simple.
• 15:20
  Speaker 4: Here's why so number one, the Bonk team, and it's
• 15:24
  Speaker 4: a team. They are product people, their marketers, their community members,
• 15:30
  Speaker 4: and Bonk has you know, just under a million wallet
• 15:33
  Speaker 4: holders today. That's those three things combined make them a
• 15:38
  Speaker 4: valuable startup. But they're not a startup. They're a team
• 15:42
  Speaker 4: of you know, Bonk community members that continue to ship
• 15:45
  Speaker 4: products and do events and do marketing and do and
• 15:48
  Speaker 4: raise awareness for the broader Salona community. And their their
• 15:52
  Speaker 4: recent success has to do with their pumped out fund competitor, right, So,
• 15:56
  Speaker 4: they created Let's Bank and in the past couple of
• 15:59
  Speaker 4: weeks they've completely taken almost all the market share away
• 16:03
  Speaker 4: from pump dot Fund, and in doing so, they're generating
• 16:07
  Speaker 4: you know, close to a million dollars a day in fees,
• 16:10
  Speaker 4: and those fees are then you know, about half of
• 16:12
  Speaker 4: them go to buying and burning bank, which of course
• 16:15
  Speaker 4: reduces the supply. But more importantly, and I think this
• 16:18
  Speaker 4: is a key thing to underscore for why bank is
• 16:21
  Speaker 4: so powerful in the ecosystem. They're not just selling all
• 16:25
  Speaker 4: of their soul and getting you know, buying and burning bank.
• 16:27
  Speaker 4: They're taking some of that and staking it. They're actually
• 16:30
  Speaker 4: contributing back to the network and helping secure the network
• 16:34
  Speaker 4: and show people that hey, we're aligned with the long
• 16:36
  Speaker 4: term vision of Solana. Yes, of course we're going to
• 16:39
  Speaker 4: go buy and and burn bank as well, but we're
• 16:42
  Speaker 4: not just say, dumping hundreds of millions of dollars worth
• 16:45
  Speaker 4: of Salona on the open market. So from my perspective,
• 16:48
  Speaker 4: the momentum behind Bonk as a kind of product company,
• 16:52
  Speaker 4: if you will, even though they're not a company, coupled
• 16:55
  Speaker 4: with how the community has just consistently rallied behind them,
• 16:59
  Speaker 4: I think gets ridiculously underpriced.
• 17:02
  Speaker 1: Well, I'm looking at the chart right now, deck screener.
• 17:05
  Speaker 1: I mean, this thing's up two hundred percent, really if
• 17:07
  Speaker 1: you look back all the way just.
• 17:08
  Speaker 2: To April.
• 17:10
  Speaker 1: Into July right now, and it still hasn't really kind
• 17:13
  Speaker 1: of hit its stride just yet, even though Solana has moved.
• 17:17
  Speaker 2: How this correlates to.
• 17:18
  Speaker 1: The traditional markets with bitcoin trading on a high here
• 17:22
  Speaker 1: this week at one twenty three could get interesting. Another
• 17:25
  Speaker 1: area that I think is going to get interesting is
• 17:27
  Speaker 1: the Figital concept, because this is something that the company Figitals.
• 17:31
  Speaker 2: They've talked about this before.
• 17:33
  Speaker 1: The whole idea was is that they are now releasing
• 17:36
  Speaker 1: a connection to a poked x Pokemon and this could
• 17:40
  Speaker 1: play into the seeker, So we might see possibly another
• 17:45
  Speaker 1: strategy where another company might take the same route of.
• 17:49
  Speaker 2: Where this might go.
• 17:50
  Speaker 1: For where the Seeker was with I should say where
• 17:54
  Speaker 1: the saga was with Bonk, the seeker could be with
• 17:56
  Speaker 1: maybe a new project like Figital.
• 17:59
  Speaker 2: So I'm intrigued.
• 18:00
  Speaker 3: And let's be clear.
• 18:01
  Speaker 4: I mean, Pokemon Go was one of the most successful
• 18:06
  Speaker 4: you know, mobile apps ever and it caused a serious
• 18:10
  Speaker 4: amount of interest from you know, Pokemon fans and players
• 18:16
  Speaker 4: and then new people all together. And I think that
• 18:19
  Speaker 4: that might be the case with them doing this thing
• 18:22
  Speaker 4: with the secret phone as well.
• 18:24
  Speaker 1: Yeah, well you got it right here, Solona. Secret holders
• 18:28
  Speaker 1: now are going to be able to get a free
• 18:29
  Speaker 1: Pokemon card and people and this is a big community guys,
• 18:32
  Speaker 1: So think about this as a physical and a digital component.
• 18:36
  Speaker 1: Maybe this is the point where it something goes viral
• 18:40
  Speaker 1: on Solana. I mean viral, not in our crypto bubble,
• 18:44
  Speaker 1: but truly viral. Maybe Pokemon is going to be the
• 18:47
  Speaker 1: one that goes there. The other thing I wanted to
• 18:49
  Speaker 1: hit on is what's happening over on x Grock is
• 18:55
  Speaker 1: now generating and I guess we're going to have AI
• 19:00
  Speaker 1: agents within that that looks very similar to Luna right
• 19:04
  Speaker 1: right there, which is kind of interesting, And there's gonna
• 19:07
  Speaker 1: be a whole bunch of them right there. So when
• 19:09
  Speaker 1: you look at that, uh, Salana integration, do you think
• 19:12
  Speaker 1: we see maybe some kind of Slana integration with X
• 19:16
  Speaker 1: especially around agents.
• 19:17
  Speaker 4: Look, they recently hired a very famous, you know, product
• 19:22
  Speaker 4: person out of Silicon Valley named Nikita as their head
• 19:25
  Speaker 4: of product and he is an advisor to Solana. Now
• 19:29
  Speaker 4: that does not guarantee that Solana is integrated into something
• 19:33
  Speaker 4: like x okay, but this this guy knows product really
• 19:37
  Speaker 4: really well and has been interested in advising Solana for
• 19:40
  Speaker 4: quite some time. I do think that the real time
• 19:44
  Speaker 4: nature of X slash Twitter requires a blockchain that is
• 19:49
  Speaker 4: real time, and today that really only is Solana. Now
• 19:54
  Speaker 4: behind the scenes, you can also see the wallet u
• 19:58
  Speaker 4: creation management. It's being abstracted away. So you have companies
• 20:02
  Speaker 4: like Privy that was just acquired by Stripe. You've got
• 20:05
  Speaker 4: a nice asymetric portfolio company like Turnkey that's enabling you know,
• 20:09
  Speaker 4: wallets and private key management to be abstracted away. This
• 20:12
  Speaker 4: makes the user experience way easier for normies. So right,
• 20:16
  Speaker 4: there is a potential that you could see Solana being
• 20:20
  Speaker 4: the backing to something like this on X and you
• 20:22
  Speaker 4: may not even know it exists if.
• 20:24
  Speaker 1: You look at virtuals right now. We've been covering virtuals
• 20:27
  Speaker 1: for quite some time. It's been a little bit sideways here,
• 20:29
  Speaker 1: but I think this is still one of the most
• 20:31
  Speaker 1: undervalued and you look at the whole ecosystem. And this
• 20:34
  Speaker 1: is my point from the topic of today's show, is
• 20:37
  Speaker 1: that is Solana setting up maybe to replace some of
• 20:42
  Speaker 1: the big tech companies out here. I've got a clip
• 20:44
  Speaker 1: I want to play for you and get your opinion.
• 20:47
  Speaker 2: Let's go to this clip.
• 20:49
  Speaker 5: We had to make the announcement that we were gonna.
• 20:52
  Speaker 6: Move on, but there was a working version of this.
• 20:54
  Speaker 6: This wasn't just vaporware.
• 20:57
  Speaker 5: Oh no, no, no, no, of course.
• 20:58
  Speaker 1: Yeah, there's is a narrative out there that yeah, it
• 21:00
  Speaker 1: was demo ware only.
• 21:02
  Speaker 6: No, it was you marketed it though you showed this.
• 21:07
  Speaker 6: How did that happen?
• 21:08
  Speaker 3: Really? And I'm not the expert here.
• 21:10
  Speaker 1: Well, again, as Craig said, we thought we were going
• 21:12
  Speaker 1: to deliver it by the end of the year.
• 21:13
  Speaker 6: You're also Apple, I mean, you've got more engineers, more cash.
• 21:17
  Speaker 6: Why can't. Why couldn't you make it work?
• 21:19
  Speaker 5: I mean, this is this is new technology.
• 21:21
  Speaker 6: Sirie should be as good, if not better than the competition.
• 21:25
  Speaker 3: It should be.
• 21:26
  Speaker 6: That's that's it's not right now.
• 21:27
  Speaker 5: That's certainly our mission. Yeah, but that's that's that's our mission.
• 21:30
  Speaker 5: But we want to do it the right way.
• 21:31
  Speaker 6: When's the right way going to come along?
• 21:33
  Speaker 5: Well, in this case, we really want to make sure
• 21:34
  Speaker 5: that we have it very much in hand before we
• 21:37
  Speaker 5: start talking about dates for obvious reasons, and will.
• 21:39
  Speaker 6: That include these features that you had previously announced and more?
• 21:43
  Speaker 6: I mean, is this the effort to make Siri this
• 21:47
  Speaker 6: more interactive AI companion?
• 21:49
  Speaker 5: Well, I mean, look, on the one hand, I would
• 21:51
  Speaker 5: I would love to dish about my enthusiasm for our
• 21:55
  Speaker 5: future plans, but that's exactly what we don't want to
• 21:57
  Speaker 5: do right now.
• 21:58
  Speaker 3: Right.
• 21:58
  Speaker 6: To be honest, I'm not really big user of Apple Intelligence.
• 22:01
  Speaker 6: I'm using a lot of your competitor's products.
• 22:04
  Speaker 1: It's important to realize our strategy is a little bit different.
• 22:07
  Speaker 2: Than some other people.
• 22:08
  Speaker 6: What about other devices? To do that? You probably saw
• 22:11
  Speaker 6: that Johnny Ives linked up with open Ai to create
• 22:14
  Speaker 6: some sort of future AI device.
• 22:16
  Speaker 3: Yeah, I don't know.
• 22:17
  Speaker 2: What that is.
• 22:19
  Speaker 6: Is this a space that Apple's looking at, something that
• 22:21
  Speaker 6: is more personal maybe you wear it glasses.
• 22:25
  Speaker 1: All right, So they got put on the hot seat.
• 22:28
  Speaker 1: That's of course FEDERICKI from Apple, one of the key
• 22:31
  Speaker 1: product guys over there. What do you think is gonna
• 22:34
  Speaker 1: this is gonna look like in the next few years.
• 22:37
  Speaker 3: Yeah.
• 22:38
  Speaker 4: Look, Apple is probably the best hardware company on the planet.
• 22:46
  Speaker 4: They're not good at software historically, and if you just
• 22:49
  Speaker 4: go back ten to fifteen years to the Apple Maps
• 22:53
  Speaker 4: debacle where it was just it was the wrong addresses
• 22:57
  Speaker 4: the directions. Yeah, historically his Historically Apple is not great
• 23:02
  Speaker 4: at software, They're really good at hardware. And so I
• 23:06
  Speaker 4: do think that something like Solana and the Seeker is
• 23:10
  Speaker 4: not meant to you know, disrupt or take over Apple.
• 23:15
  Speaker 4: More importantly, Seeker is going to force the hands of
• 23:20
  Speaker 4: people like Apple and Google to enable crypto signing capabilities
• 23:24
  Speaker 4: on the device. So when you do face ID today
• 23:26
  Speaker 4: on your iPhone, you could there's crypto. You know, APIs
• 23:30
  Speaker 4: in there if they just don't open it up to developers.
• 23:32
  Speaker 4: So eventually they may do that, especially with all the
• 23:36
  Speaker 4: regulations that are getting passed this year around crypto. I
• 23:39
  Speaker 4: think it's not a matter of if, it's when. And
• 23:41
  Speaker 4: in that scenario, Apple and certainly Google would both benefit
• 23:45
  Speaker 4: from this massive wave of new types of technologies. And again,
• 23:49
  Speaker 4: because Apple is so focused on user experience, they have
• 23:53
  Speaker 4: to go with a chain that enables a seamless experience.
• 23:57
  Speaker 4: That chain is Salona.
• 23:59
  Speaker 1: Yeah, yeah, Well, and you look at the strategies what
• 24:02
  Speaker 1: we've seen with Android and with Samsung. Look at how
• 24:06
  Speaker 1: fast they were able to position in the market against
• 24:09
  Speaker 1: And again that's Samsung that's opening up their element, especially
• 24:13
  Speaker 1: around the development and new davs and expanding the ecosystem.
• 24:17
  Speaker 1: So I would agree with you there is a big
• 24:19
  Speaker 1: opportunity here. Last clip I have for you, and then
• 24:23
  Speaker 1: we'll get we'll get into your opinion on this one,
• 24:25
  Speaker 1: because this is kind of the crux of the show.
• 24:27
  Speaker 2: Let's go to Jim Kramer.
• 24:29
  Speaker 7: For the past month or so, Apple's been trading sideways,
• 24:32
  Speaker 7: basically hugging the Twitter doar level. There are renewed concerns
• 24:35
  Speaker 7: about the Apps Store two, and now we need to
• 24:39
  Speaker 7: worry about what the numbers will look like when Apple
• 24:41
  Speaker 7: reports again at the end of July.
• 24:47
  Speaker 3: Now write this down.
• 24:48
  Speaker 7: That means down about twenty points from here, I certainly
• 24:51
  Speaker 7: don't want to see it. Revisit that level.
• 24:53
  Speaker 3: It's something we.
• 24:53
  Speaker 7: Talked about, by the way, at our Chapel Trust.
• 24:56
  Speaker 3: Meeting later this earlier this week.
• 24:58
  Speaker 7: That's the level, but for some reason the stock gets clobbered.
• 25:01
  Speaker 7: You know what, Let's back up the truck at one
• 25:03
  Speaker 7: hundred and eighty, which is why I'm simply not ready
• 25:05
  Speaker 7: to give up on this one.
• 25:08
  Speaker 5: That's the level.
• 25:10
  Speaker 2: All right?
• 25:11
  Speaker 1: So did Kramer just doom Apple at one hundred and eighty?
• 25:15
  Speaker 1: And I mean if you look at all the things here, no, Ai.
• 25:18
  Speaker 1: You know they've got a fatigued hardware line to your point,
• 25:21
  Speaker 1: great hardware makers, but a fatigued line. And you've got
• 25:24
  Speaker 1: all of these projects and companies and tech nipping at
• 25:28
  Speaker 1: their heels. No longer are they small, Solana. What the
• 25:32
  Speaker 1: potential is with secret may show the path for someone
• 25:35
  Speaker 1: like an Android, a Samsung, and a whole plethora of
• 25:39
  Speaker 1: you know, phonemakers that would say, hey, yeah, we're going
• 25:41
  Speaker 1: this direction and blockchain is going to be the answer here.
• 25:44
  Speaker 1: Do you think that has doomed Apple's future here?
• 25:49
  Speaker 4: No, I would never bet against Apple. I mean, number one,
• 25:52
  Speaker 4: their corporate balance sheet has enormous amounts of cash on it,
• 25:56
  Speaker 4: and so you know, I think the the kind of
• 26:02
  Speaker 4: let's go back a few months when you know, there
• 26:05
  Speaker 4: was the executive at Apple that was saying like, you know,
• 26:09
  Speaker 4: we're going to be moving away from potentially from Google
• 26:11
  Speaker 4: for search because of the AI stuff, and Google stock
• 26:14
  Speaker 4: got hammered, and since then Google has ripped right back.
• 26:16
  Speaker 4: I think any of these kind of headlines are really
• 26:19
  Speaker 4: for driving fast money traders. And to be clear, Apple
• 26:23
  Speaker 4: is a favorite short of hedge funds when they're long
• 26:26
  Speaker 4: say Meta or Tesla or something else as a pair trade.
• 26:30
  Speaker 4: So I think, you know, betting against Apple long term
• 26:33
  Speaker 4: probably a bad idea that I think the doomerism of
• 26:36
  Speaker 4: a company like Apple is just misguided. Will they have
• 26:41
  Speaker 4: some potential struggles, yes, but that has been the case
• 26:44
  Speaker 4: for decades, and I think they'll be just fine longer term.
• 26:48
  Speaker 1: Well, I think they've got a position, and you know,
• 26:51
  Speaker 1: obviously their struggles on you know, the Apple vision. Now
• 26:56
  Speaker 1: we've seen xraol, they've launched out with a whole new
• 26:59
  Speaker 1: vision of where and what.
• 27:00
  Speaker 2: We may see as wearables.
• 27:02
  Speaker 1: Then of course you have the gaming side of crypto,
• 27:05
  Speaker 1: Solana being the gaming chain you know, Apple not really
• 27:09
  Speaker 1: playing into that, and yet we've got you know, probably
• 27:13
  Speaker 1: well look at Shaga right here. G Force now twenty
• 27:15
  Speaker 1: bucks a month, Xbox Cloud nineteen, Shaga ten bucks.
• 27:19
  Speaker 3: You know.
• 27:19
  Speaker 1: So that's just an example, and you're talking about billions
• 27:22
  Speaker 1: of gamers guys out there in the market. This is
• 27:25
  Speaker 1: a huge opportunity. Do you think that cloud gaming is
• 27:30
  Speaker 1: one going to consistently be cheaper on Solana? And if so,
• 27:35
  Speaker 1: why wouldn't Solona just win in that alone?
• 27:40
  Speaker 3: Yeah?
• 27:40
  Speaker 4: So, actually, when I worked at Microsoft and the Cloud
• 27:42
  Speaker 4: and AI organization years ago, I was privy to some
• 27:46
  Speaker 4: of the teams that were doing this for Xbox. I
• 27:49
  Speaker 4: will say that streaming video in and of itself is
• 27:52
  Speaker 4: an incredibly non trivial engineering exercise. Streaming video games is
• 27:57
  Speaker 4: just as hard, if not harder. And so if you're
• 28:00
  Speaker 4: going to supplant the current infrastructure for say streaming video
• 28:05
  Speaker 4: games with a Web three technology, you would need it
• 28:08
  Speaker 4: to be something like Solana.
• 28:10
  Speaker 3: In the future.
• 28:10
  Speaker 4: Solana has a significant number of upgrades that are coming
• 28:13
  Speaker 4: that are going to enable it to be incredibly fast,
• 28:17
  Speaker 4: enabling effectively a Web two style experience. So if you
• 28:20
  Speaker 4: have the real time streaming of the video content from
• 28:23
  Speaker 4: your video games, but the game playing and any of
• 28:27
  Speaker 4: the kind of assets or weapons, etc. That people may
• 28:31
  Speaker 4: be consuming or trading or using within the games. Solana
• 28:34
  Speaker 4: will enable that in the future. I think Solana is
• 28:37
  Speaker 4: the chain that's going to enable real time experiences in general,
• 28:41
  Speaker 4: and video games is certainly one of.
• 28:42
  Speaker 1: Those interesting Listen, Joe, it's always fun to have you
• 28:46
  Speaker 1: on the show, and thanks so much for letting us
• 28:48
  Speaker 1: pick your brain.
• 28:48
  Speaker 2: Appreciate you stopping in.
• 28:50
  Speaker 3: Thanks again, my pleasure.
• 28:51
  Speaker 1: You bet all right, you guys, if you're we're going
• 28:54
  Speaker 1: to have a lot more content of obviously around Solana
• 28:56
  Speaker 1: and many other projects that we of course dive into here.
• 28:59
  Speaker 1: If you're not part of the channel right now, first
• 29:01
  Speaker 1: of all, subscribe and get in on our Diamond Circle.
• 29:03
  Speaker 1: That's our one place where you can get additional content
• 29:05
  Speaker 1: from us. Follow me on x app, Paul Baron, We'll
• 29:08
  Speaker 1: catch you next time right here on The Paul Baron Show.