Anthony Scaramucci Predicts clearly at the Breakpoint conference that he anticipates Solana will ultimately surpass Ethereum in market value.
Summary :
• This setup mirrors 2021 but with one key difference: Ethereum's smart contract dominance has given way to Solana's speed and cost advantages.
• Whales accumulated 340M DOGE during the dump not panic selling, suggesting a deeper rotation in the market.
• Three technical signals just aligned only seen twice before, both times followed by a
prolonged rally that changed trajectories for months.
Scaramucci Goes All-In on Solana: SkyBridge Chief Predicts Market Cap Flip
Anthony Scaramucci showed up to Solana Breakpoint in Abu Dhabi wearing something most crypto conference attendees avoid like regulatory scrutiny: a tie. That sartorial choice turned out to be the smaller statement of the day.
The SkyBridge Capital founder told CoinDesk Live on December 11 that Solana will eventually overtake Ethereum by market cap. Not in some maximalist fever dream where ETH goes to zero, but in the grown-up version where both chains grow and Solana simply grows faster. And he’s putting serious money where his mouth is roughly 60% of SkyBridge’s nine-figure balance sheet sits in SOL, with his personal portfolio allocated somewhere around 6-7%.
That’s not speculative side-bet territory. That’s conviction.
The Book Drop and the Pitch
Scaramucci wasn’t just making predictions. He was holding a prop: Solana Rising, his new book that dropped December 9 and immediately hit the top of Amazon’s new releases list for investment strategy. The timing wasn’t subtle launch at Breakpoint, ride the momentum, give the skeptics something to chew on besides Twitter threads.
Fundamentally, Solana has had plenty to brag about:
- A new bridge connecting Solana and Base via Chainlink
- Ondo Finance and State Street launching SWEEP, a tokenized liquidity fund
- Animoca Brands preparing to list its equity on Solana
- Bhutan rolling out the first sovereign-backed gold token on the network
- Coinbase unveiling trading access to the full suite of Solana tokens
His thesis runs through familiar territory if you’ve been paying attention this year. Solana’s fast. It’s cheap. Developers like building on it. Transaction fees don’t murder your margins. Add staking into the mix, and you’ve got what Scaramucci keeps calling “great tokenomics.” The pitch works because it’s not really about tech specs it’s about where the activity is flowing. According to Scaramucci, Solana’s seeing more action than the top 50 chains combined.
What makes this interesting isn’t the bullishness itself. Plenty of people talk their book. What stands out is how Scaramucci frames the competition: he’s not chain monogamous, as he put it. He likes Avalanche. He likes Ethereum. This isn’t maximalism it’s portfolio construction. “It just has to do with the realities of investing,” he said. “It’s like owning a lot of stocks in your portfolio.”
The Price Targets and What They Mean
So where does SOL go from its current $139.14? Scaramucci floated $300-400 by the end of next year, tied to what he sees as improving US regulatory conditions. He’s specifically watching for the CLARITY Act, which he believes could unlock “the full utilization of tokenization.” That’s Washington language for: fewer enforcement actions, more institutional participation, cleaner on-ramps.
Longer term, he went bigger. $1,000 over the next five years. That’s a 7x from current levels, which would put Solana’s market cap somewhere in the $450-500 billion range assuming token supply dynamics stay relatively stable. For context, Ethereum sits around $420 billion right now. So the flip he’s predicting isn’t some moonshot scenario it’s a structural shift in where capital and developers allocate attention.
He also revisited his Bitcoin stance, acknowledging he’s been “right about Bitcoin, but wrong about timing.” Still targeting $150,000-200,000, still banking on rate cuts helping risk assets next year. Same song, slightly different verse.
The ETF Angle That Actually Matters
Scaramucci pointed to something worth paying attention to: the debut of the first spot Solana ETF in the US with staking built in. That’s not just another ETF wrapper. Staking changes the product economics entirely you’re not just holding an asset that might appreciate, you’re generating yield. For institutional allocators who need income components to justify crypto exposure, that matters.
And it signals something broader. ETF approvals don’t happen in a vacuum. They follow liquidity, trading infrastructure, custody solutions, and regulatory comfort. Bitcoin got there first. Ethereum followed. Solana’s arrival in ETF form even if it’s early and small suggests the infrastructure layer is maturing faster than most people expected 18 months ago.
What This Actually Tells Us
Strip away the conference theatrics and book promotion, and you’re left with a veteran allocator making a structural call: Solana’s growth trajectory looks steeper than Ethereum’s from here. Not because Ethereum’s broken, but because network effects compound differently at different stages. Ethereum won the smart contract wars. Solana’s winning the speed and cost wars. Whether that translates to market cap supremacy over a five-year window is the bet.
Scaramucci’s been wrong on timing before his own admission. But his read on directional momentum tends to age better than his price target timelines. If regulatory clarity actually materializes and institutional adoption accelerates, the Solana thesis gets stronger. If we get another crackdown cycle or technical issues resurface, that $1,000 target starts looking awfully optimistic.
Either way, when someone’s running 60% of a nine-figure balance sheet in one asset, you pay attention. Not because they’re always right. But because they’re definitely not hedging.
