Anthony Scaramucci, CEO of investment firm SkyBridge Capital and a vocal cryptocurrency advocate, predicted a significant role for Solana (CRYPTO: SOL) in the impending layer-1 blockchain revolution, while also revealing his substantial exposure to the fifth-largest cryptocurrency.
What Happened: During the recent Breakpoint 2024 conference, Scaramucci highlighted the potential of tokenization to revolutionize the current financial system. He pointed out that approximately $7 trillion is spent annually on transaction verification, a cost that could be significantly reduced through tokenization.
He stressed on the need for eliminating third parties and utilizing blockchain’s trustless technology to verify transactions.
“This system is actually a flawless and a near perfect system, and hopefully the tokenization will happen on Solana,” Scaramucci stated. The former White House …
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