🔥 PLTR to $480 | MASSIVE News for Palantir Stock

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Wow. Every time I think I have a good handle on Palantir, they come out with big news that
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makes me appreciate the company in a whole different way and makes me even more bullish
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on the stock. In case you didn't know, Palantir has quickly become one of ARK Invest's biggest
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holdings, weighing in at well over 850 million dollars across all of their funds combined.
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Palantir is still just one of two stocks to be in all six ARK Invest funds that are actively
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managed by Cathie Wood, with the other being UiPath, ticker symbol P A T H, which is another
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stock I definitely need to do a better job updating you on. My goal with these updates
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is to share this information with you before it gets priced into the stock, which I really
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believe is going to happen faster and faster for Palantir, as more institutions stop thinking
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of it as a meme stock and begin understanding what the company actually does. Your time
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is valuable, so let's get right into this huge Palantir news.
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Palantir has announced Foundry for Cryptocurrencies. Just take a step back and think about what
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is going on at a high level here, as an investor. Cryptocurrencies are still largely misunderstood
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by the market, even informed market participants like you and me. Most financial institutions
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still won't touch it, most governments are giving it a bad rap, and most private companies
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getting involved with the crypto market are met with harsh resistance, like Facebook with
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their Diem project. In my opinion, Palantir stepping up and creating tools within Foundry
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just for crypto says a lot about the future acceptance and widespread adoption of crypto.
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And of course, it says a lot about the flexibility and power of Palantir and the Foundry platform.
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Here's what the Foundry for Crypto offering entails. Let's start with cross-chain analytics.
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Palantir Foundry is cross-chain agnostic and automatically integrates transaction and smart
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contract data from different mainchains to enable rich analytics with low or no code,
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all the way back to the genesis block. If that sounds like a bunch of meaningless buzzwords
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to you, no problem. Let's work through it together. Different cryptocurrencies can exist
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on different blockchains, for example, the ethereum network or binance smart chain or
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a lot of others. Blocks are basically digital containers where transaction data on that
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network are permanently recorded. So you can think of a block as kind of like one page
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in an infinite record book. The book itself is a blockchain. Once the next line is written
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in the book, it can never be changed or removed, which is one reason that blockchain technology
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is considered to be so secure. Since there are different books, or blockchains, Palantir's
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solution needs to be able to read any of them and be able to work with all of that data,
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going back to the very first word on the first page of that book, which is called the genesis
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block.
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Okay, if you think of blockchains like books that grow with every transaction, then dApps,
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or decentralized applications, are just apps that do something on that blockchain. Just
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like regular apps that you use every day, there are all sorts of dApps, including games
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and finance apps. When you hear about DeFi, or Decentralized Finance, those are finance-related
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apps running on a blockchain instead of on a centralized set of internet servers. Well,
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whatever kind of business we're talking about, they're going to need business intelligence
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tools to visualize what's going on at a high level, including data dashboards to keep track
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of important stats like sales volumes, transactions, returns, technical issues, and so on. Seeing
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the stats on all of these things allows business leaders to make decisions like where to focus
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resources to grow, where their user traffic is coming from, how their current products
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or services are doing, what kind of new products would make sense to launch, and even where
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their potential risks are so they can take actions to mitigate them ahead of time. This
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is just as true for on-chain businesses running dApps as it is for online businesses running
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apps, like the ones you already use on your phone or computer every day.
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And just like you already know about online games that want you to spend money and online
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banking apps and mobile wallets, you know that fraud is a big risk for any business.
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So, Palantir Foundry powers multi-factor Know Your Customer and Anti-Money Laundering solutions
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across fiat and cryptocurrencies to detect complex patterns of fraud with robust case
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management capabilities and low false-positive rates. Again, let's just break it down at
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a high level. When you spend money in a game, you're converting dollars into a different
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currency. Roblox has Robux. Fornite has V-bucks. World of Warcraft has gold. Sometimes, these
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gaming companies have a separate currency or credit system at the store level too. So,
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in the case of digital games, fraud can happen involving dollars, exchanging dollars to store
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credits, spending store credits, spending store credits on something in a game, exchanging
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store credits for in-game currency, or somehow fraudulently spending that in-game currency.
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And if you can figure out how to trick the system at any one of these layers, you can
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extract real money because they're all connected. Not that I would know anything about that
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personally [gulp]
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So, Palantir can help businesses build up case files based on these complex patterns
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of fraudulent activity and help flag potential fraud without getting it wrong too often.
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Instead of the digital store currencies and in-game currencies I just mentioned, this
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piece of Palantir's Foundry works with digital cryptocurrencies and the fiat currencies you
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can exchange them for. I'm sure the nuances are different but I'm just trying to show
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you that as an investor, at a high level, you really can understand most of what's going
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on with Foundry, even with a crazy new application like cryptocurrency, by a company the media
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always claims is shrouded in secrecy. I think it's easy for the mainstream media to point
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at a company that has a lot of work with the government, like Palantir, say it's a spooky
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and secretive company, and use that as an excuse to not really try and understand all
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the parts we can and do see. So, if you're interested in learning more about the different
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parts of Palantir, I've put all my content explaining it in one convenient playlist for
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you. I'll leave a link to that in the top right-hand corner of your screen and in the
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description below. Also, comment below or tweet me at Ticker Symbol YOU with your thoughts
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on Palantir supporting cryptocurrencies. Does that surprise you, given the government's
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current stance on crypto and your own sentiment about it? Did you see this coming? What do
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you think are some other future use-cases that we could see Foundry support?
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I'm excited to hear your thoughts. As for me, I think that it actually makes a lot of
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sense for Palantir to get into cryptocurrency because anti-money laundering and financial
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fraud detection is actually how Palantir got started in the first place. If you didn't
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know, Peter Thiel spun Palantir out from PayPal's anti-fraud technologies around the time when
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PayPal got sold to eBay in the early 2000s. They realized that the same techniques that
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help people track online fraud could be used to stop terrorism and other forms of bad activity.
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That's what I think a lot of Palantir's different applications have in common. They build a
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deep understanding of what normal activity looks like and then accurately detect activity
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that looks abnormal. So, Foundry for Crypto just extends that tool kit to cryptocurrency,
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which brings me to the heart of my bull thesis on Palantir: This isn't just about cryptocurrency.
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In my previous update on Palantir, I said this:
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[clip start 12:54] [As for me, I think investors and analysts aren't really seeing the forest
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for the trees with these news items. Palantir is going to add blockchain-focused use-cases
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to their Foundry platform thanks to Elementus. If they can handle that, I'm hard-pressed
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to think of a use-case they can't handle.]
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The reason I said that was because Palantir made a press release about the second cohort
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of companies to join the Foundry for Builders program, and we saw a blockchain analytics
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company called Elementus on the list. Like I said at the start of this episode, these
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news items are changing my investment thesis on Palantir because they're showing me the
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commercial use-cases that Palantir is choosing to support, which could give us hints about
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future capabilities inside Foundry, just like this one for Crypto. So, if we look at the
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rest of this list, guess what we find: a digital media company focused on streaming and promoting
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sports and a digital nutrition and food buying marketplace, neither of which are listed on
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the offerings page for Palantir Foundry today. We know Palantir has an Auto Racing offering
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because of their partnership with Ferrari's Formula 1 team. That auto racing offering
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allows Ferrari engineers to look at the digital twin of their car to run race simulations,
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analyze sub-systems to avoid part failures, and make real-time decisions during actual
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races, all without having to learn to code.
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That Auto Racing offering for Foundry is probably going to lead to a more generalized set of
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tools focused on transportation and connected vehicles thanks to their partnership with
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WeJo, a company that runs a data platform for securing, accessing, and sharing connected
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vehicle data at a global level. But maybe the sports part of auto racing with Ferrari
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combined with what they learn from working with the European Cricket Network could also
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lead to more real-time video or media analytics tools inside Foundry. Likewise, maybe now
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that Foodsmart is a part of the Foundry for builders program, combined with the existing
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Health and Life Sciences offerings within Foundry, Palantir could add tools specifically
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for food and nutrition.
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This sort of flexibility in terms of use cases gives Palantir a huge total addressable market.
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Every time they partner with a new type of company, we as investors need to be thinking
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about how this extends Palantir's out-of-the-box capabilities, which makes it easier for them
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to partner with other similar companies in the future. Combine that with their crazy
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focus on privacy, permissions, and security, and they can get entrenched very deep in every
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company that uses them. Getting more and more clients every year and growing your relationship
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with each existing client is how you achieve exponential growth. Every time I read news
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of Palantir working with new TYPES of companies, I'm more and more confident that Palantir
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will hit a trillion-dollar valuation in the future, which is roughly a 20 X from here.
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By the way, I'm not the only Alex with crazy hair who thinks that. Here's a quick clip
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from an interview with Alex Karp, that Palantir released on October 15th:
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[Alex Karp Interview 0:20]
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Wait, can he say that? I'm just kidding. I think. Anyway, on the date of that interview,
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Palantir was sitting at around a 48 billion dollar market cap. 20 times that would be
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960 billion dollars. I think it's just a matter of when. I'm not saying that Palantir will
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be a trillion-dollar company tomorrow but I am starting to think it could happen in
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the next decade, which would be a 35% compound annual growth rate over the next ten years.
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It doesn't sound so crazy when I say it that way, does it? That's why Palantir is going
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to have a top spot in the 100,000 dollar portfolio I'm opening on Public dot com when this channel
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hits 100,000 subscribers. I know, I know. You're on the edge of your seat! I'm building
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that portfolio from scratch to compete directly with ARKK, ARK Invest's flagship innovation
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fund, which also holds a lot of Palantir stock. I hope to run this investing project for the
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next 5 years, which is ARK Invest's time horizon, or as long as it takes for me to admit defeat.
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If you're interested in jumping on that wild ride with me, consider liking this video and
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subscribing to the channel with all notifications turned on. That way, you'll be the first to
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know when I come out with more coverage like this, as well as exactly what I'm putting
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in that portfolio each month. I'm actually already starting to build my positions in
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a few companies right now, including Palantir. So, if you'd like access to those trades as
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they happen instead of waiting for my monthly portfolio update, consider supporting the
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makes this channel and all of these investment projects possible… and that means the world
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AND, whether you're looking for a new home for your own portfolio or you just want to
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support the channel, you can go to public dot com slash ticker symbol you and you'll
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I'll leave a link to that exclusive offer for you in the description below as well.
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Thanks for watching and until next time, this is Ticker Symbol You. My name is Alex, reminding
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you that the best investment you can make… is in you.