Solana Will ‘Flip’ Ethereum, Predicts Skybridge | Crypto News
Anthony Scaramucci confirmed up to Solana Breakpoint in Abu Dhabi carrying a tie — a small act of insurrection in a sea of hoodies — and then proceeded to make a a lot greater one on stage: Solana goes to “flip” Ethereum.
Scaramucci’s Solana Prediction
Not in the Twitter-war, zero-sum, “ETH is dead” type of approach. More like: same league, different growth curve, and Solana ends up with the larger market cap. “I think it will flip Ethereum, but that doesn’t mean Ethereum’s going down or anything like that. I think there’s going to be market share for Ethereum. I think they could both grow, but I think from a market capitalization perspective, I think Solana will end up growing faster,” Scaramucci told CoinDesk Live on Dec. 11.
That’s been his line for a while. This time it got here with a prop: his new e book, Solana Rising, which dropped Dec. 9 and — according to Scaramucci — shortly hit the top of Amazon’s “new releases” record for investment management/investment strategy. He framed the e book as one thing for the skeptics, or at least for the buddies of the believers.
The pitch is acquainted if you’ve been anyplace close to crypto conferences this yr, but Scaramucci’s model is unusually blunt: Solana is the fastest-growing chain, it’s stacked with exercise, it’s low-cost to use, and it’s simple to construct on. Then you add staking, and you’ve received what he retains calling “great tokenomics.”
And yes, he’s closely aligned. “Full disclosure,” he said, “I have a large personal holding in Solana. I have it on the firm’s balance sheet.” How large? On SkyBridge’s steadiness sheet, he put it at “probably 60%,” with the firm sitting on “north of a nine figure balance sheet.” His personal portfolio allocation, he estimated, is around “6% 7%.” Big, but not “I sold the house for SOL” big.
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 fact, who is chain monogamous?” he joked.
The Skybridge Capital founder added: “It’s not an amorous thing. It just has to do with the realities of investing. It’s like owning a lot of stocks in your portfolio. But to me, I just think that it is the fastest growing chain. That’s the most activity of like the top 50 chains combined. It’s got lots of use cases, lots of versatility. It’s easy to develop on and it’s very low fees to transact on and it’s got great tokenomics if you want to stake your Solana like I do.”
He also pointed to the debut of the first spot Solana ETF in the United States — “first staking ETF,” in his phrases — as another signal that we’re still early. Then got here the price discuss, because of course it did.
Could SOL hit $300–$400 by the end of next yr? “Sure,” he said, tying it to a more constructive US regulatory backdrop — particularly his hope that the CLARITY Act will get handed and unlocks “the full utilization of tokenization.” Longer time period, he went greater: “Is Solana go to $1,000 over the next five years? I really do believe that.”
He also revisited Bitcoin. Same vibe: proper call, fallacious calendar. “I’ve been right about Bitcoin, but I’ve been wrong about timing,” Scaramucci said, sticking with a $150,000–$200,000 goal, and arguing a friendlier fee setting next yr might help.
At press time, SOL traded at $139.14.
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