Founder of Bridgewater Capital: Sovereign wealth funds' large-scale purchases of BTC still require legislative approval in the U.S

2025-05-10 21:48:03

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ChainCatcher news, according to Cointelegraph, Anthony Scaramucci, founder of SkyBridge Capital, stated in a recent podcast interview that although some sovereign wealth funds have marginally allocated Bitcoin, it is difficult to see large-scale capital inflows before the U.S. establishes clear regulatory frameworks for digital assets.

He pointed out that if the U.S. passes a stablecoin regulatory bill, allows traditional banks to custody Bitcoin, and makes progress in the tokenization of stocks and bonds, it could trigger a wave of large purchases of Bitcoin by sovereign wealth funds.

Anthony Scaramucci emphasized that only when sovereign wealth funds view Bitcoin as part of the global financial infrastructure could it drive the price of Bitcoin to reach a million dollars.

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