Anthony Scaramucci, founder of SkyBridge Capital, stated at the DigiAssets 2025 conference that he believes Solana (SOL) will surpass Ethereum (ETH) in market standing. While not holding a negative view of Ethereum, he expressed a stronger conviction in Solana’s potential.
Scaramucci explained that he entered the crypto market in 2020 and did not initially invest in Ethereum. Instead, he finds Solana’s story more compelling. SkyBridge Capital holds significant assets in Bitcoin and Solana, with approximately 40% of clients’ digital asset investments spread across various cryptocurrencies, including Solana, Avalanche, Polkadot, and Bitcoin.
Despite Solana reaching a record high of $293.31 in January 2025, its price has since declined to around $145, down 23.2% year to date. Ethereum has dropped by approximately 24.75% in the same period. Solana’s market capitalization is just above $76 billion, while Ethereum’s stands at $304 billion.
Scaramucci did not specify a timeline for Solana to overtake Ethereum. His view contrasts with a recent Standard Chartered report, which forecasts Solana underperforming Ethereum over the next two to three years. Standard Chartered projects Solana reaching $275 by the end of 2025 and $500 by 2029, while Ethereum is expected to hit $4,000 in 2025 and $7,500 by 2029. The analysis highlighted Solana’s declining usage and scaling challenges as factors limiting its growth.
However, Cantor Fitzgerald analysts align more with Scaramucci’s positive outlook, praising Solana’s technology as superior to Ethereum’s across multiple metrics and noting strong interest from publicly listed companies holding SOL on their balance sheets.