Solana Will ‘Flip’ Ethereum, Predicts Skybridge Capital’s Scaramucci
Anthony Scaramucci confirmed as much as Solana Breakpoint in Abu Dhabi carrying a tie — a small act of riot in a sea of hoodies — after which proceeded to make a a lot larger one on stage: Solana goes to “flip” Ethereum.
Scaramucci’s Solana Prediction
Not within the Twitter-war, zero-sum, “ETH is lifeless” form of approach. More like: identical league, completely different development curve, and Solana finally ends up with the larger market cap. “I believe it’ll flip Ethereum, however that doesn’t imply Ethereum’s taking place or something like that. I believe there’s going to be market share for Ethereum. I believe they may each develop, however I believe from a market capitalization perspective, I believe Solana will find yourself rising quicker,” Scaramucci told CoinDesk Live on Dec. 11.
That’s been his line for some time. This time it got here with a prop: his new ebook, Solana Rising, which dropped Dec. 9 and — in accordance with Scaramucci — rapidly hit the highest of Amazon’s “new releases” checklist for funding administration/funding technique. He framed the ebook as one thing for the skeptics, or at the least for the chums of the believers.
The pitch is acquainted in case you’ve been wherever close to crypto conferences this yr, however Scaramucci’s model is unusually blunt: Solana is the fastest-growing chain, it’s stacked with exercise, it’s low cost to make use of, and it’s straightforward to construct on. Then you add staking, and also you’ve received what he retains calling “nice tokenomics.”
And sure, he’s closely aligned. “Full disclosure,” he stated, “I’ve a big private holding in Solana. I’ve it on the agency’s stability sheet.” How giant? On SkyBridge’s stability sheet, he put it at “most likely 60%,” with the agency sitting on “north of a 9 determine stability sheet.” His private portfolio allocation, he estimated, is round “6% 7%.” Big, however not “I offered the home for SOL” large.
Notably, Scaramucci emphasised that he’s not “chain monogamous.” He likes Avalanche. He likes Ethereum. He’s not doing maximalism. He’s doing a portfolio. “In reality, who’s chain monogamous?” he joked.
The Skybridge Capital founder added: “It’s not an amorous factor. It simply has to do with the realities of investing. It’s like proudly owning numerous shares in your portfolio. But to me, I simply suppose that it’s the quickest rising chain. That’s essentially the most exercise of like the highest 50 chains mixed. It’s received numerous use instances, numerous versatility. It’s straightforward to develop on and it’s very low charges to transact on and it’s received nice tokenomics if you wish to stake your Solana like I do.”
He additionally pointed to the debut of the primary spot Solana ETF within the United States — “first staking ETF,” in his phrases — as one other sign that we’re nonetheless early. Then got here the worth speak, due to course it did.
Could SOL hit $300–$400 by the tip of subsequent yr? “Sure,” he stated, tying it to a extra constructive US regulatory backdrop — particularly his hope that the CLARITY Act will get handed and unlocks “the complete utilization of tokenization.” Longer time period, he went larger: “Is Solana go to $1,000 over the subsequent 5 years? I actually do imagine that.”
He additionally revisited Bitcoin. Same vibe: proper name, unsuitable calendar. “I’ve been proper about Bitcoin, however I’ve been unsuitable about timing,” Scaramucci stated, sticking with a $150,000–$200,000 goal, and arguing a friendlier fee setting subsequent yr might assist.
At press time, SOL traded at $139.14.