Anthony Scaramucci Predicts Solana Will Surpass Ethereum

Anthony Scaramucci, founder of SkyBridge Capital, expressed confidence that Solana will “overtake” the second-largest cryptocurrency by market capitalization. This was reported by Decrypt. 

The entrepreneur noted that he entered the industry relatively late, with his first investment in digital assets occurring in 2020. According to Scaramucci, he never quite embraced Ethereum—not due to any negative sentiment towards the project, but because he is “more aligned with Solana’s story.”

“I don’t have a clear position on ETH,” he noted. 

The investor disclosed that SkyBridge holds digital assets worth “hundreds of millions of dollars,” including Bitcoin and Solana. He stated that about 40% of client funds are invested in cryptocurrencies through funds like Multicoin Capital and Brevan Howard Digital.

“We have about $300 million in what is called a coin fund. This likely includes assets like Solana, Avalanche, Polkadot, and a lot of Bitcoin,” the investor noted.

The SkyBridge Capital founder did not specify when exactly the “people’s cryptocurrency” would surpass Ethereum in market capitalization. His stance somewhat differs from Standard Chartered’s forecast—earlier, the bank’s analysts stated that in the next two to three years, Solana, “focused on meme coins,” would lag behind Ethereum, partly due to periodic outages.

Experts predict Solana will rise to $275 by the end of the year and to $500 by 2029. During the same period, Ethereum is expected to reach $4000 and $7500, respectively, according to Standard Chartered.

Analysts at Cantor Fitzgerald hold a different view. The firm positively assesses the prospects of public companies that include Solana in their reserves and believes SOL has greater growth potential than ETH.

“When comparing first-layer blockchains, Solana’s technology significantly outperforms Ethereum in all key parameters,” stated the report.

Since the beginning of the year, Ethereum’s price has fallen by 23.4%; Solana’s by 21.6%. The assets are trading at $2550 and $148, respectively, according to CoinMarketCap. 

Earlier, Scaramucci predicted the integration of crypto assets into Elon Musk’s “super app.”