Matthew Sigel and Patrick Bush join us to discuss their recent report that predicts SOL to hit $335 by 2030. Matthew (head of crypto research) and Patrick (senior investment analysts) lead VanEck's crypto division. VanEck is a prolific TradFi asset management firm founded in 1955, but that hasn't stopped them from building one of the best research teams in crypto. In this episode, we discuss their Solana bull case, how to value L1s, if DCF valuations are a meme, Solana's biggest challenges, Cosmos vs Ethereum vs Solana, macro's impact and more!

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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use LIGHTSPEED20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there!

Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home

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Timestamps

(00:00) Introduction

(00:48) VanEck’s Path to Investing in Crypto

(03:53) Investing in Smart Contract Platforms

(06:39) The Solana Bull Case

(17:53) Firedancer Questions

(24:18) Integrated vs Modular Ecosystems

(31:09) DAS London Plug

(32:06) What Metrics Matter?

(34:12) ETF Approvals and VanEck’s Philosophy

(37:28) How to Value an L1: The DCF Meme

(42:16) What About Cosmos?

(48:36) Macro and a Multipolar Future

(54:02) Favorite Verticals in Crypto

(58:00) Rapid Fire

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Resources

VanEck’s Base, Bear, Bull Case: Solana Valuation by 2030

https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vanecks-base-bear-bull-case-solana-valuation-by-2030/

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.