Solana’s recent weakness has not shaken Anthony Scaramucci’s conviction. Despite a difficult second half of the year for the token, the SkyBridge Capital founder believes SOL could still be setting up for an explosive long-term move that few investors are prepared for.
Speaking at the Solana Breakpoint conference, Anthony Scaramucci outlined a highly bullish long-duration thesis for Solana, suggesting the token could eventually reach $2,500.
Key Takeaways
Anthony Scaramucci believes Solana could eventually reach $2,500, framing it as a long-term, high-volatility bet.
He argues regulatory delays and macro headwinds slowed altcoins in 2025, despite strong on-chain activity.
A shift in narratives and easier financial conditions could set the stage for a future SOL recovery.
He did not provide a timeline, stressing instead that the path higher would be volatile, uneven, and shaped by macro and regulatory forces rather than hype cycles.
A Long-Term Thesis, Not a Straight-Line Rally
Scaramucci emphasized that the $2,500 target should not be interpreted as a clean or fast move. In his view, crypto’s progress in 2025 was slowed by factors that caught many investors off guard, including persistent inflation and regulatory gridlock in the United States.
He pointed out that expectations for meaningful progress on stablecoin regulation and broader crypto market structure legislation failed to materialize this year. That delay, he argued, disrupted what many had expected to be a more straightforward growth phase for major altcoins. Still, Scaramucci maintained that the broader timing remains favorable, even if the road forward is messier than anticipated.
Stablecoins Took the Spotlight From Altcoins
Another factor weighing on Solana, according to Scaramucci, was the dominance of the stablecoin narrative. Capital and attention flowed heavily into stablecoin-related themes, slowing momentum for altcoins such as SOL.
As that narrative begins to fade, Scaramucci believes conditions could shift. A rotation back into altcoins may emerge as early as next year, potentially setting the stage for renewed upside in high-performance blockchains like Solana.
Strong Network Activity, Weak Price Action
The timing of Scaramucci’s comments stands out given Solana’s mixed performance. On the network level, Solana has been the most heavily used blockchain in 2025 by transaction volume, leading the sector by a wide margin. Developer activity and application usage have remained strong.
The SOL token, however, has struggled. Over the past six months, Solana is down more than 13%, making it one of the harder-hit major assets during the fall–winter crypto downturn. The decline has not been isolated — Bitcoin and Ethereum have also posted notable losses during the same period.
Macro Conditions Remain the Key Catalyst
Scaramucci suggested that a broader recovery for Solana and other altcoins may depend on improving economic conditions. The Federal Reserve delivered a 25-basis-point rate cut earlier this month, a move that typically supports risk assets by easing financial conditions.
So far, however, crypto markets have shown little reaction. With another Fed policy decision expected in January, some investors are watching closely for signs that looser conditions could finally trigger a risk-on shift.
For Scaramucci, Solana’s recent weakness does not undermine the bull case. Instead, it reinforces his belief that the asset’s long-term upside will reward patience rather than perfect timing. If macro and regulatory conditions eventually turn more favorable, he sees today’s consolidation as a setup — not a ceiling.
