Skybridge Capital Founder: SOL Market Cap Will Surpass ETH

BlockBeats News, June 19th, according to Decrypt, Anthony Scaramucci, the founder of SkyBridge Capital, stated, "I believe that SOL's market cap will surpass ETH's," while also acknowledging that "I don't really have a particular view on ETH."

He also said, "I entered late, my first foray into cryptocurrency was in 2020," and explained that he "didn't really start paying attention to Ethereum," "Not to say that I have a negative view on Ethereum, it's just that I have a more thorough understanding of Solana's story."

Scaramucci revealed that SkyBridge's corporate balance sheet holds "hundreds of millions of dollars in Bitcoin and SOL," and that "about 40% of our client funds are invested in digital assets," including Multicoin Capital and Brevan Howard Digital. He also mentioned a fund of funds that includes some digital asset funds, "We manage about $300 million in so-called 'token funds,' which include Solana, Avalanche, Polkadot, and a significant amount of Bitcoin."