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Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, has indicated that significant Bitcoin (BTC) investments by sovereign wealth funds (SWFs) are contingent upon the establishment of clear cryptocurrency regulations in the United States. While some SWFs are cautiously acquiring Bitcoin, Scaramucci emphasized that substantial allocations will likely occur only after the U.S. enacts comprehensive digital asset legislation.
In a recent discussion on Anthony Pompliano’s podcast, Scaramucci stated, “I think they are buying it on the margin,” but added that a “gigantic groundswell of buying” is unlikely until the U.S. provides regulatory clarity. He suggested that once legislation is in place—particularly concerning stablecoin regulation, custody solutions for traditional banks, and the tokenization of assets—SWFs managing trillions of dollars could begin investing hundreds of millions to billions into Bitcoin.
Scaramucci also posited that achieving a \$1 million Bitcoin valuation would require a sovereign entity to recognize Bitcoin as integral to the global financial infrastructure. He noted that such institutional acceptance could significantly drive up Bitcoin’s price.
This perspective aligns with recent U.S. initiatives, including President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve using seized digital assets. Additionally, states like New Hampshire have enacted legislation permitting the allocation of public funds into Bitcoin and other major cryptocurrencies.
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