Anthony Scaramucci, a hedge fund veteran and former White House Press Secretary, believes that Solana, the biggest rival to Ethereum, will play a crucial role in the financial revolution of layer-1 blockchain. Speaking at the Solana Breakpoint 2024 conference, Scaramucci highlighted the unnecessary friction caused by numerous third parties in the securities and finance industry. He stated that Solana has the potential to eliminate this friction, which could release $7 trillion in capital to be reinvested in the economy. Scaramucci emphasized the need to tokenize assets and remove third parties from transactions, suggesting that this could have a significant impact on the global economy. As of now, Solana is trading at $146.04.
