Anthony Scaramucci Shares Bold Bitcoin Prediction and ETF Outlook

SkyBridge Capital founder Anthony Scaramucci offered fresh insights on his firm's CRPT ETF, stablecoin regulation, and the future of altcoin-based investment vehicles

Anthony Scaramucci, the founder of SkyBridge Capital, recently shared his thoughts on the firm's CRPT ETF, the outlook for stablecoin regulation, and the potential for altcoin-based investment vehicles.

CRPT, which was launched four years ago, does not invest in cryptocurrencies. Instead, it tracks the performance of companies that are integrated into the crypto industry.

“At the time, Bitcoin ETFs didn’t exist. So this gave our clients exposure with very high correlation to Bitcoin. But a lot of the major institutional consulting firms didn’t want to invest in Bitcoin at the time, and they still don’t today,” Scaramucci explained.

Bitcoin’s path to institutions

According to Scaramucci, Bitcoin is quickly evolving out of the tech stock basket, becoming more like digital gold.

“I think the pivot will happen when the Bitcoin wallets go from 300 million to 1 billion. At that point, the Bitcoin volatility will come down. Then we’ll really see the institutions come in in a big way.”

However, Scaramucci posed a key question: Is Bitcoin just an investment, or is it a standalone asset class like gold?

If it’s merely an investment, then a $1–3 trillion market cap seems reasonable. But if it’s an asset class, then perhaps $20 trillion could be the long-term target.

Stablecoin regulation: A national imperative

Turning to the pressing issue of stablecoin legislation, Scaramucci highlighted the critical role of the U.S. in this domain.

“We have a stablecoin bill that’s being discussed in Congress. It’s very important because, for instance, Tether now holds more U.S. Treasury bonds than the entire country of Japan or Germany.”

He added that it’s crucial for the U.S. to be in the driver’s seat of stablecoin regulation to maintain financial leadership and stability.

Scaramucci acknowledged the political controversy surrounding Trump-linked crypto initiatives, noting the constitutional limits on restrictions and the importance of transparency to sustain public trust.

Altcoin ETFs: Solana takes the lead

On the topic of altcoins, Scaramucci identified Solana as the most promising candidate for ETF exposure.

SkyBridge has invested in SolQ, an ETF that focuses on Solana, which is known for its high throughput and low latency.

“We like SolQ because it has the staking rewards, which is particularly appealing to us. They’re able to generate additional return from the Solana stake.”

While Scaramucci sees potential in Avalanche and Polkadot for future ETF opportunities, he highlighted Solana's edge at present.

“I think Solana is the best positioned right now because of its performance, the speed at which its ecosystem is growing, and the quality of the projects that are being built on the Solana chain.”

Scaramucci's insights highlight a broader narrative of crypto's maturation into mainstream finance, with the U.S. at a crossroads for regulatory clarity, institutional adoption, and product innovation.