Anthony Scaramucci arrived at the Solana Breakpoint conference in Abu Dhabi wearing a tie—a subtle rebellion amid a crowd dressed in hoodies—and then made a much bolder statement on stage: Solana will “flip” Ethereum.
Scaramucci’s prediction isn’t framed as a Twitter-fueled, zero-sum declaration that “ETH is dead.” Instead, he sees both in the same league, on different growth trajectories, with Solana ultimately reaching a larger market cap. “I think it will flip Ethereum, but that doesn’t mean Ethereum is going down or anything like that. I think there’s going to be market share for Ethereum. They could both grow, but from a market capitalization perspective, I think Solana will end up growing faster,” Scaramucci told CoinDesk Live on December 11.
This has been his stance for a while, but this time he brought a prop: his new book, Solana Rising, released on December 9, which he says quickly topped Amazon’s “new releases” list for investment management and strategy. He described the book as something for skeptics, or at least for the friends of believers.
The pitch will sound familiar to anyone who has attended crypto conferences this year, but Scaramucci’s take is unusually direct: Solana is the fastest-growing blockchain, packed with activity, cheap to use, and easy to build on. Add staking into the mix, and you have what he repeatedly calls “great tokenomics.”
And yes, he’s heavily invested. “Full disclosure,” he said, “I have a large personal holding in Solana. I have it on the firm’s balance sheet.” How large? At SkyBridge, he estimated Solana makes up “probably 60%” of the firm’s portfolio, which he described as “north of a nine-figure balance sheet.” His personal allocation is around “6% to 7%”—significant, but not “I sold the house for SOL” significant.
Notably, Scaramucci emphasized that he is not “chain monogamous.” He likes Avalanche. He likes Ethereum. He isn’t a maximalist; he’s building a portfolio. “In fact, who is chain monogamous?” he joked.
The SkyBridge Capital founder explained, “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 it is the fastest-growing chain. It has the most activity of the top 50 chains combined. It’s got lots of use cases, lots of versatility. It’s easy to develop on, 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—the “first staking ETF,” as he called it—as another sign that the market is still early.
Then came the price predictions. Could SOL reach $300–$400 by the end of next year? “Sure,” he said, linking that possibility to a more constructive U.S. regulatory environment—specifically, his hope that the CLARITY Act passes and unlocks “the full utilization of tokenization.” Looking further ahead, he was even more optimistic: “Will Solana go to $1,000 over the next five years? I really do believe that.”
He also revisited Bitcoin, with a similar theme: right on the trend, wrong on the timing. “I’ve been right about Bitcoin, but I’ve been wrong about timing,” Scaramucci said, maintaining a target of $150,000–$200,000 and suggesting a friendlier interest rate environment next year could help.
At the time of reporting, SOL was trading at $139.14.
Frequently Asked Questions
FAQs Skybridge Capitals Anthony Scaramucci on Solana vs Ethereum
Q1 Who is Anthony Scaramucci and what is Skybridge Capital
A Anthony Scaramucci is the founder and managing partner of Skybridge Capital a global alternative investment firm He is a wellknown financial commentator and former White House Communications Director
Q2 What exactly did Scaramucci predict about Solana and Ethereum
A He predicted that Solana has the potential to surpass Ethereum in market capitalization and adoption citing its superior transaction speed and lower costs as key advantages
Q3 Why would Solana ever be better than Ethereum Isnt Ethereum the leader
A Ethereum is currently the leader in smart contracts and decentralized apps However Solana is designed to process transactions much faster and cheaper which some believe could make it more scalable and userfriendly for mass adoption if it overcomes its own challenges
Q4 What are the main benefits of Solana that hes talking about
A The main benefits are high throughput and very low transaction fees often less than a penny This makes it attractive for applications like gaming decentralized exchanges and micropayments
Q5 What are the biggest risks or problems with Solana
A Solana has faced criticism and technical challenges primarily around network stability It has experienced several notable outages where the network halted completely Critics also point to a perception of greater centralization compared to Ethereum
Q6 Isnt Ethereum upgrading to fix its speed and cost issues
A Yes absolutely Ethereums ongoing Ethereum 20 upgrades including the move to ProofofStake and later implementations like sharding are specifically designed to drastically improve its scalability speed and reduce gas fees This is the core counterargument to predictions like Scaramuccis
Q7 As a beginner should I invest in Solana based on this prediction
A No single persons prediction should be the sole reason for an investment Its important to do your own research Understand that crypto is highly volatile and predictions are speculative Consider your risk tolerance and never invest more than you can afford to lose