Helius Labs CEO Mert Mumtaz is betting on Solana jumping 150% in the next five years, brushing off any short-term price action as just noise.
“I’m confident in saying that Solana will be a trillion-dollar asset and that it will go above $500. I’d be very surprised if Solana is not at $500 in five years,” Mert tells Hall of Flame.
“It seems to be a rare breed in crypto, but my time horizon is five to 10 years. I don’t really care about anything that happens underneath that,” he says.
Solana is trading at $200 at the time of publication, as per CoinMarketCap.
The Turkish-born, Canadian-raised and now Dubai-based crypto entrepreneur isn’t ruling out the possibility of Solana’s price soaring well beyond his conservative prediction. “In a world where XRP ranks as the third-largest asset, it seems anything is possible,” he laughs.
It’d be surprising if he weren’t super bullish on Solana, given that he’s the best-known SOL proponent on X and that Helius Labs is a developer platform built for Solana projects.
Mumtaz, who got his start in crypto as one of the first engineers hired at Coinbase’s Canada office, first gained attention on Crypto Twitter for defending Solana in its early days, calling out the know-it-all finance and English majors who didn’t get how the network worked.
(Mert Mumtaz)
“They would go on about how Solana has engineering flaws, and I’d be like, you don’t know engineering, let alone Solana’s engineering,” he laughs.
“They would make certain arguments about how the design is flawed, and I’d just say no, it is not; it does what it is supposed to do,” he adds.
How did Mert Mumtaz build his X following?
Mumtaz has 203,200 X followers but admits he isn’t “quite sure” why people follow him.
“I think certain people follow me because they want to learn more about Solana, and I talk about Solana quite frequently,” he…..
