Solana Will ‘Flip’ Ethereum, Says Skybridge | Solana News

Anthony Scaramucci confirmed up to Solana Breakpoint in Abu Dhabi carrying a tie — a small act of rise up 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 dead” variety of approach. More like: identical league, completely 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 instructed CoinDesk Live on Dec. 11.

That’s been his line for a whereas. This time it got here with a prop: his new guide, Solana Rising, which dropped Dec. 9 and — in line with Scaramucci — shortly hit the highest of Amazon’s “new releases” listing for investment management/investment strategy. He framed the guide as one thing for the skeptics, or a minimum of for the buddies of the believers.

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The pitch is acquainted for those who’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 simple to construct on. Then you add staking, and also you’ve received what he retains calling “great tokenomics.”

And yes, he’s closely aligned. “Full disclosure,” he mentioned, “I have a large personal holding in Solana. I have it on the firm’s balance sheet.” How giant? On SkyBridge’s stability 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 round “6% 7%.” Big, however not “I sold the house for SOL” huge.

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.

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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 additionally pointed to the debut of the primary spot Solana ETF within the United States — “first staking ETF,” in his phrases — as one other signal that we’re nonetheless early. Then got here the price discuss, as a result of of course it did.

Could SOL hit $300–$400 by the top of subsequent yr? “Sure,” he mentioned, 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 larger: “Is Solana go to $1,000 over the next five years? I really do believe that.”

He additionally revisited Bitcoin. Same vibe: proper call, fallacious calendar. “I’ve been right about Bitcoin, but I’ve been wrong about timing,” Scaramucci mentioned, sticking with a $150,000–$200,000 goal, and arguing a friendlier fee atmosphere subsequent yr might help.

At press time, SOL traded at $139.14.

Featured image created with DALL.E, chart from TradingView.com