Sovereign Wealth Funds (SWFs) are already dipping their toes into Bitcoin, but large-scale allocations may remain elusive until the United States clarifies its stance on digital asset regulation, according to SkyBridge founder Anthony Scaramucci.
Speaking on Anthony Pompliano’s podcast on May 8, Scaramucci emphasized that while some SWFs are already investing in Bitcoin, substantial investments are unlikely without comprehensive regulatory guidance.
Sovereign wealth funds and institutions are quietly buying bitcoin.@scaramucci explains what is happening 👇 pic.twitter.com/mDLmyE8iaL
— Anthony Pompliano 🌪 (@APompliano) May 9, 2025
Regulatory Clarity Could Spark a Surge in Bitcoin Demand
Scaramucci, who previously served as White House communications director under former President Donald Trump, noted that upcoming legislation could pave the way for a wave of institutional buying. “I don’t think it is going to be a gigantic groundswell of buying until we greenlight legislation in the United States,” he stated. Scaramucci has previously projected that the U.S. government may propose crypto legislation in November.
With Norway and China holding the world’s largest SWFs — valued at $1.73 trillion and $1.33 trillion respectively — the potential impact of SWF investments in Bitcoin could be significant. Scaramucci suggests that if stablecoin regulations are clarified and traditional banks receive authorization to custody digital assets, SWFs could start acquiring Bitcoin in billion-dollar blocks.
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Institutional Interest Could Drive Bitcoin to Seven Figures
Scaramucci’s bullish stance aligns with ARK Invest CEO Cathie Wood’s recent comments. Wood stated that the likelihood of Bitcoin reaching a million-dollar valuation by 2030 has increased, driven by growing institutional interest. “We actually think the odds have gone up that our bull case will be the right number because of what is becoming the institutionalization of this new asset class,” Wood said.
As regulatory developments unfold in the U.S., the entry of SWFs into the Bitcoin market could significantly impact its market cap, currently estimated at $2.05 trillion according to CoinMarketCap. For now, the crypto community awaits November for potential legislative breakthroughs that could reshape the digital asset landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
