SkyBridge Capital’s Anthony Scaramucci is signaling a shift in crypto investing, describing Bitcoin as increasingly behaving like a standalone asset class and endorsing Solana as a top candidate for ETF growth.
In recent remarks, Scaramucci explained that SkyBridge’s CRPT ETF—launched before spot Bitcoin ETFs existed—offers exposure to crypto-adjacent public companies, providing a Bitcoin proxy for institutional investors still hesitant to hold crypto directly.
He believes the long-term narrative is changing. As Bitcoin adoption expands and wallet counts climb toward a billion, he expects volatility to ease and institutional participation to surge.
That, he says, could elevate Bitcoin’s market cap well beyond its current levels—potentially rivaling gold if it’s accepted as an asset class rather than just an investment vehicle.
Scaramucci also emphasized the urgency of passing stablecoin legislation in the U.S., citing the influence of major issuers like Tether, which holds significant amounts of U.S. government debt. Regulatory clarity, he argued, is critical for market growth and national financial stability.
On the altcoin front, Scaramucci pointed to Solana as the most promising blockchain project for ETF exposure, citing its staking rewards and scalability. SkyBridge has backed the SolQ ETF and is watching projects like Avalanche and Polkadot for future potential, though Solana currently leads in utility and investor interest.
