Introduction
Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, has stated that Sovereign Wealth Funds (SWFs) won’t make massive Bitcoin investments until the U.S. implements clearer crypto regulations. Speaking on Anthony Pompliano’s podcast, he stressed the role of legislation in enabling significant institutional adoption.
Regulatory Clarity is Key for Big Bitcoin Moves
Scaramucci believes some funds are already accumulating BTC in smaller portions. However, he emphasized that a full-scale wave of institutional buying—particularly from SWFs—will only occur once the U.S. finalizes legal frameworks around digital assets.
“There won’t be large blocks of buying until legislation is greenlit,” he said.
He previously predicted U.S. crypto regulation proposals by November 2025, which could trigger major activity.
Understanding SWFs and Market Potential
Sovereign Wealth Funds are government-owned investment vehicles that manage national reserves, often sourced from oil exports or trade surpluses. Norway currently leads the world with a SWF worth $1.73 trillion, followed by China’s $1.33 trillion fund.
By contrast, Bitcoin’s total market cap stands at roughly $2.05 trillion—showing that a shift of even a fraction of SWF capital could move markets dramatically.
Scaramucci’s Forecast: What Triggers the Floodgate?
He outlines three key developments needed to spark institutional inflows:
- Stablecoin regulation,
- Clear rules for banks to custody crypto assets,
- Progress on tokenization of traditional securities.
“Once these align, we’ll see half-billion to billion-dollar BTC buys from sovereign players,” he noted.
Cathie Wood Backs the Bull Thesis
ARK Invest CEO Cathie Wood echoed a similar sentiment, recently stating that the odds of Bitcoin reaching $1 million by 2030 have increased due to growing institutionalization.
“Institutional acceptance is transforming Bitcoin from speculation to global financial infrastructure,” she said.
Conclusion
Scaramucci’s message is clear: Bitcoin’s next growth phase won’t come from retail—it will be triggered by trillions in sovereign capital waiting on green lights from Washington.
As regulatory clarity emerges, the stage could be set for Bitcoin to become a foundational asset class in global finance.