-
Anthony Scaramucci, founder of SkyBridge Capital, has reignited the “Ethereum killer” debate by expressing strong confidence in Solana’s potential to surpass Ethereum.
-
Despite Standard Chartered’s cautious outlook on Solana’s growth, Scaramucci’s firm holds significant investments in Solana alongside Bitcoin, reflecting a bullish stance on the blockchain’s future.
-
According to COINOTAG, Cantor Fitzgerald analysts support this optimism, highlighting Solana’s technological advantages over Ethereum across multiple metrics.
SkyBridge Capital’s Scaramucci bets on Solana flipping Ethereum amid contrasting forecasts from Standard Chartered and Cantor Fitzgerald.
SkyBridge Capital’s Bold Bet on Solana’s Market Potential
Anthony Scaramucci, a prominent figure in the crypto investment landscape, has publicly endorsed Solana (SOL) as a strong contender to overtake Ethereum (ETH) in market capitalization. Speaking at the DigiAssets 2025 conference, Scaramucci emphasized his preference for Solana’s blockchain narrative, stating, “I think SOL will flip ETH,” while acknowledging a neutral stance on Ethereum itself. This declaration is notable given SkyBridge Capital’s substantial crypto portfolio, which includes nine-figure holdings in Bitcoin and Solana, alongside diversified digital assets such as Avalanche and Polkadot. The firm’s strategic allocation—approximately 40% of client funds invested in digital assets—underscores a growing institutional confidence in Solana’s ecosystem.
Contrasting Market Forecasts: Standard Chartered vs. Cantor Fitzgerald
The bullish outlook from SkyBridge Capital stands in contrast to recent projections by Standard Chartered, which anticipates Solana’s underperformance relative to Ethereum over the next two to three years. Standard Chartered’s analysts forecast Solana reaching $275 by the end of 2025 and $500 by 2029, while expecting Ethereum to hit $4,000 and $7,500 in the same periods, respectively. Their cautious stance is grounded in observed declines in Solana’s network usage and ongoing scaling challenges that may hinder broader adoption. Conversely, Cantor Fitzgerald presents a more optimistic view, particularly regarding Solana treasury companies that accumulate SOL on their balance sheets. Their analysis highlights Solana’s superior technology compared to Ethereum across key performance metrics, suggesting a potentially higher upside for SOL investors.
Market Performance and Technological Edge
Solana’s price trajectory since its January 2025 peak of $293.31 has seen a correction to around $145, representing a 23.2% decline year-to-date. Ethereum has experienced a similar downturn, falling 24.75% in the same period. Despite these declines, Solana maintains a market capitalization exceeding $76 billion, while Ethereum remains significantly larger at $304 billion. The technological debate centers on Solana’s high throughput and low transaction costs, which proponents argue provide a competitive advantage over Ethereum’s current scalability limitations. This technological edge is a critical factor in institutional investors’ growing interest and may influence future market dynamics.
Institutional Adoption and Portfolio Diversification
SkyBridge Capital’s investment strategy reflects a broader trend of institutional diversification within the crypto space. By allocating substantial capital to a mix of Layer-1 blockchains including Solana, Avalanche, and Polkadot, alongside Bitcoin, the firm is positioning itself to capitalize on emerging blockchain innovations. This diversified approach mitigates risk while allowing exposure to potential high-growth assets. The inclusion of digital funds and a dedicated coin fund, totaling approximately $300 million, further illustrates a sophisticated investment framework designed to navigate the evolving digital asset landscape.
Conclusion
Anthony Scaramucci’s endorsement of Solana as a potential “Ethereum killer” injects renewed vigor into the ongoing discourse surrounding blockchain supremacy. While Standard Chartered’s projections offer a more tempered outlook, contrasting views from Cantor Fitzgerald and SkyBridge Capital highlight the complexity and dynamism of the crypto market. Institutional investments and technological advancements will likely play pivotal roles in shaping Solana’s trajectory. Investors should closely monitor these developments, balancing optimism with prudent analysis to navigate the competitive Layer-1 blockchain environment effectively.
