Legislation Will Unlock Massive Bitcoin Investments by Sovereign Wealth Funds

Anthony Scaramucci states that a significant purchase of Bitcoin by Sovereign Wealth Funds (SWFs) will only occur once U.S. legislation is approved, providing clearer regulations for digital assets. Currently, SWFs are beginning to invest in Bitcoin, but major allocations are unlikely until the U.S. government enacts legislation that legitimizes crypto assets. Scaramucci suggests that these funds are purchasing Bitcoin on the margin, but largescale buying—such as trillions of dollars worth—will happen after formal regulations are in place. He predicts that once stablecoin regulation is established, traditional banks receive clear guidelines for custody of digital assets, and progress is made on tokenizing stocks and bonds, a significant wave of institutional investment will follow. This could lead to large blocks of Bitcoin being purchased by entities managing tens of trillions of dollars, with some envisioning Bitcoin reaching a million dollars if it becomes integral to the global financial infrastructure.