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Scaramucci Predicts Solana Will Surpass Ethereum in Market Cap
Anthony Scaramucci, founder of Skybridge Capital, predicted at Solana Breakpoint in Abu Dhabi that Solana may surpass Ethereum in market capitalization. He believes both can grow but expects Solana to outpace Ethereum.
- Scaramucci released a book titled "Solana Rising," highlighting Solana's rapid growth, low transaction costs, ease of development, and strong tokenomics.
- He disclosed significant personal and firm holdings in Solana, with SkyBridge’s balance sheet comprising approximately 60% Solana.
- Scaramucci is not exclusively invested in Solana; he also supports other chains like Avalanche and Ethereum.
- He noted the launch of the first spot Solana ETF in the US as an indication of early-stage opportunities.
- Price projections for Solana include $300–$400 by the end of next year and potentially reaching $1,000 over five years, assuming favorable regulatory developments.
- Scaramucci maintained his Bitcoin price prediction of $150,000–$200,000, linking it to potential interest rate improvements.
At the time of reporting, SOL was trading at $139.14.
