Anthony Scaramucci, founder of SkyBridge Capital, recently expressed confidence in Solana’s (SOL) market potential, suggesting it could eventually surpass Ethereum (ETH) in market capitalization. Despite his cautious stance on Ethereum, Scaramucci emphasized his deeper familiarity with Solana’s ecosystem, having entered the cryptocurrency space in 2020. His remarks underscore a growing institutional interest in diversified digital assets.
SkyBridge Capital’s balance sheet reportedly includes substantial holdings in both Bitcoin (BTC) and Solana (SOL), reflecting a strategic allocation towards high-performing cryptocurrencies. Approximately 40% of client assets are invested in digital currencies, with exposure to funds managed by Multicoin Capital and Brevan Howard Digital. This diversified approach highlights the firm’s commitment to navigating the evolving crypto landscape.
Additionally, SkyBridge oversees around $300 million in token funds, encompassing assets like Solana, Avalanche, Polkadot, and Bitcoin. This portfolio diversification aligns with broader market trends favoring multi-chain investment strategies, positioning SkyBridge to capitalize on emerging blockchain innovations and institutional adoption.