Anthony Scaramucci has confirmed being a Solana holder and once again predicted massive tokenization.
According to him, the big reason for tokenization of finance is the general lack of trust among people, which contradicts the practice of having multiple parties involved in transactions.
On the other hand, about $7 trillion are spent globally each year merely on transaction verification.
“Hopefully, the tokenization will happen on Solana, because I own a lot of Solana, and I believe it eventually will,” he said.
Is Solana ETF approval coming soon?
In late May, Scaramucci published a tweet in which he advised the global cryptocurrency community to get ready for Solana ETF approval.
We are going to get a $SOL ETF get ready.— Anthony Scaramucci (@Scaramucci) May 24, 2024
SOL, labeled by the SEC as an unregistered security, contrasts with Bitcoin and Ethereum, which the regulator has deemed commodities. However, despite regulatory hurdles for many altcoins, Bitcoin continues to see institutional adoption, paving the way for other cryptocurrencies.
On Friday, the SEC approved BlackRock's proposal to list and trade options for its spot Bitcoin ETF, fast-tracking approval for options trading under the ticker IBIT on Nasdaq ISE.