Briefly
- SkyBridge Capital founder Anthony Scaramucci instructed an viewers on the DigiAssets 2025 convention that “SOL will flip ETH.”
- He claimed that he does not maintain a unfavourable view of Ethereum, however that “I simply perceive the Solana story somewhat bit higher.”
- His view is at odds with that of Commonplace Chartered, which final month argued that Solana would underperform towards Ethereum.
It’s been a while since Solana was billed because the “Ethereum killer,” however Anthony Scaramucci is leaning into the narrative.
The SkyBridge Capital founder instructed an viewers on the DigiAssets 2025 convention that, “I believe SOL will flip ETH,” whereas conceding that “I don’t actually have an opinion on ETH.”
“I received into crypto late—my first crypto funding was 2020,” he mentioned, explaining that he “didn’t actually get on board” with Ethereum. “Not that I’ve a unfavourable opinion,” he added, “I simply perceive the Solana story somewhat bit higher.”
SkyBridge has “9 figures on the company steadiness sheet in Bitcoin and Solana,” Scaramucci mentioned, including that, “We’ve got in all probability 40% of our shoppers’ cash throughout digital property,” together with Multicoin Capital and Brevan Howard Digital. In addition to a fund of funds, with “some digital funds in there,” he mentioned, “We’ve got about $300 million in what we name a coin fund, and that’s in all probability issues like Solana, Avalanche is in there, Polkadot, a lot of Bitcoin.”
Solana vs Ethereum
Scaramucci’s thesis seems to be borne out—to a level. After hitting a report excessive of $293.31 in January 2025, Solana has slipped to round $145, buying and selling down 23.2% 12 months to this point. Ethereum, in the meantime, has dropped by 24.75% because the begin of the 12 months. Solana at the moment has a market cap of simply above $76 billion whereas Ethereum stands at $304 billion, second within the rankings behind solely Bitcoin.
The SkyBridge Capital founder didn’t present a timeframe through which Solana’s market capitalization may flip that of Ethereum—and his view seems to be at odds with that of banking group Commonplace Chartered.
Final month, a analysis observe printed by the financial institution argued that Solana will underperform towards Ethereum over the following “two to 3 years.”
Commonplace Chartered analysts predicted that Solana would hit $275 by 12 months’s finish and $500 by the tip of 2029, whereas Ethereum would hit $4,000 in 2025 and prime $7,500 in 2029. They argued that the Solana blockchain has seen “declining utilization” following a waning of the meme coin frenzy that propelled it to new heights, with scaling points stopping it from reaching wider utility.
Analysts at Cantor Fitzgerald, nevertheless, share Scaramucci’s opposing view. Cantor is especially bullish on Solana treasury corporations—publicly listed companies which might be stacking SOL on their steadiness sheets—and believes SOL has a much bigger upside in comparison with ETH.
In a report earlier this week, analysts for the funding financial institution wrote: “If we’re evaluating Layer-1s, Solana’s expertise is meaningfully higher than Ethereum throughout each metric.”
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