Solana will overtake Ethereum in market capitalization, SkyBridge Capital founder Anthony Scaramucci predicted at the Solana Breakpoint conference in Abu Dhabi. The hedge fund manager, who disclosed his firm holds roughly 60% of its nine-figure crypto portfolio in Solana, clarified he expects both networks to grow but sees Solana expanding faster.
What Happened: Conference Remarks
Scaramucci said that Solana's market cap will eventually exceed Ethereum's, though he emphasized this doesn't mean Ethereum will decline.
"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," he said.
The SkyBridge founder disclosed substantial holdings in the network.
His personal portfolio allocation sits around 6% to 7% in Solana, while the firm's balance sheet — which he described as "north of a nine figure" amount — carries approximately 60% in the asset.
Scaramucci rejected the label of maximalist. He said he also holds Avalanche and Ethereum, joking about the concept of being "chain monogamous."
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Why It Matters: Institutional Positioning
The comments came as the first spot Solana exchange-traded fund with staking features launched in the United States. Scaramucci framed this development as evidence the market remains in early stages.
He projected Solana could reach $300 to $400 by the end of 2025, contingent on improved U.S. regulatory conditions. He specifically cited hopes for passage of the CLARITY Act, which he believes would enable broader tokenization. Over five years, he predicted the price could hit $1,000.
Scaramucci attributed his bullish view to Solana's transaction speed, low fees, developer accessibility and what he called "great tokenomics" through staking.
He noted the network handles more activity than the top 50 blockchains combined.
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