Scaramucci is not a crypto evangelist from the early days. His entry into the arena dates back to 2020, at a time when Ethereum reigned without true competition over smart contracts. However, his indifference towards $ETH is not tinged with rejection, but rather with a greater adherence to another story: that of Solana. He claims to understand the story a little better, a euphemism that says a lot about his conviction.
SkyBridge Capital, its investment vehicle, now holds 'a nine-figure balance in bitcoin and Solana,' and approximately 40% of its digital assets are concentrated in a few cryptocurrencies, including $SOL .
Therefore, it is not a mere speculative bet, but a massive strategic allocation that also includes names like Avalanche and Polkadot. We are talking about $300 million in a diversified crypto fund but clearly oriented towards blockchains with high adoption potential.
As for prices, the duel remains uncertain. In January 2025, the crypto Sol was flirting with $293 before falling to $145. A drop of 23.2% in a few months, comparable to Ethereum which lost 24.75% in the same period. But where the comparison becomes more intriguing is in the market capitalization level: Solana is worth $76 billion, far behind Ethereum's $304 billion.
In other words, if Solana really wants to dethrone Ethereum, it must almost quadruple its current value. A feat that will not depend on mere luck or fleeting enthusiasm. It will require structural advancements: adoption by developers, network robustness, technical innovations, and above all, resilience against failures like those observed in the past (especially network outages).
A battle of opinions
It is worth noting that Scaramucci's prediction is not a consensus. From the institutional side, Standard Chartered bank, in a recent note, states that the crypto Sol will underperform ETH over the next two to three years. Its analysis is based on solid fundamentals: the depth of the Ethereum ecosystem, its advancements in the realm of L2 (Layer 2), and the strength of its decentralized smart contracts.
However, these arguments do not seem to affect Scaramucci. And although his forecast may seem provocative, it resonates with an increasingly shared sentiment in the community: Ethereum is slow, expensive, and its transition to proof-of-stake has not (yet) resolved all its problems. In contrast, Solana, with its fast and cheap transactions, attracts dApp developers, NFT projects, and Web3 games.
Can Solana really dethrone Ethereum? The story is yet to be written. In 2025, while the old father bitcoin advances unperturbed in the face of inflation and geopolitical storms, its heirs are stirring. What if one of them, Solana, emerged from the sandbox to shake up the established order?
