We chat with Patrick Bush of Van Eck to get his take on how their recent report painted a $3k SOL bullish scenario based on various fundamentals. Throughout the discussion, we touch on various metrics the underpin Van Eck's valuation framework and learn more about how Patrick views the current crypto landscape in terms of adoption and potential growth drivers.
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Time Stamps
(1:10) - Crypto valuation fundamentals
(7:28) - Layer 1 valuation methodology
(10:28) - Can Eth maintain a premium on take rate Vs Sol
(17:42) - Is TVL king?
(20:23) - Valuing ‘moneyness’
(28:03) - Solana thesis validation in real time
(36:02) - Sol’s superior design space
(41:39) - Is DePIN overhyped?
(50:32) - How to reach 2030 bull forecasts
(55:13) - Have the institutions arrived?
(59:46) - Crypto regulations
(1:06:56) - Closing thoughts
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Podcast Resources
Follow Sal: https://twitter.com/Sal_The_Bull
Follow Dave: https://twitter.com/SolBeachBum
Follow Unlayered: https://twitter.com/UnlayeredPod
Subscribe on Spotify, Apple, or Google: https://unlayered.io/
Subscribe on YouTube: https://www.youtube.com/@UnlayeredPod
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Episode Resources
Follow Patrick : https://twitter.com/Patrick_Bush_VE
Follow Van Eck: https://twitter.com/VanEck_US
Van Eck Solana Report: https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vanecks-base-bear-bull-case-solana-valuation-by-2030/