Could Algorand Flip Ethereum?

SkyBridge Capital’s Anthony Scaramucci is pushing several bold crypto predictions. He’s long-held the belief that Bitcoin could reach $100 thousand by the end of the year, and now he’s taken an interest in Algorand. In an interview with CNBC, he said, “The SkyBridge research department thinks that Algorand actually has the opportunity to potentially flip Ethereum.” Algorand is a platform focused on security, scalability, and decentralization, is faster than Ethereum, has lower transaction fees, and has a net-negative carbon footprint. Scaramucci went on to compare Algorand to Google ($GOOGL@US), stating that Google capitalized on early opportunities to surpass its competitors in the early days of the Internet. According to Scaramucci, his funds hold over $1 billion in crypto assets, and noted that increased allocations were the result of price appreciation, saying, “Warren Buffett once said he wouldn’t trade Michael Jordan for 4 scrubs and call it diversification.” At press time, Algorand was up nearly 2% at $1.92.