SkyBridge Capital founder and managing partner Anthony Scaramucci has disclosed exposure to some top altcoins.
In a recent Bankless podcast, the Bitcoin maximalist disclosed that he owns a few altcoins. While revealing he has 50% of his net worth invested in Bitcoin, Scaramucci stated that he holds three other high-utility coins.
Scaramucci’s Top Altcoin Bag
The American businessman stated that while people use Bitcoin for transactional purposes, its reputation as a store of value presides over other capabilities. As a result, there are a few layer-1 networks with transactional solutions that would benefit the crypto sector.
Scaramucci views those networks as “digital software on the internet” and holds a few of their native utility tokens. He disclosed that he has assets like Solana, Polkadot, and Avalanche.
Meanwhile, the SkyBridge managing partner revealed that Solana is his top altcoin bet. He lauded the network’s operational acumen and described it as fast and cheap.
Notably, Solana is increasingly drawing the attention of institutions and top investors. This has led to several exchange-traded funds (ETF) applications from firms like VanEck, 21 Shares, and Grayscale.
Moreover, a report from asset manager VanEck inferred that Solana is superior to Ethereum and would hit at least 50% of its market cap in the near future. Also, it expects SOL to reach $500 by the end of the year.
Bitcoin to $200,000 by 2025 End
Furthermore, Scaramucci dropped his Bitcoin price prediction for 2025. The businessman asserted in the podcast that the pioneering cryptocurrency would hit $200,000 in the next 12 months.
He revealed that an impending supply shock would drive Bitcoin to the price mark. Notably, inflows from the US Bitcoin spot ETFs and increased adoption from corporate firms have surged recently, indicating an explosive demand for the premier asset.
Scaramucci also added that the Bitcoin Treasury reserve idea will come to fruition. According to him, the bill would receive sufficient support in the Senate as the Staff Accounting Bulletin (SAB 121) proposal did and would take effect soon.
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