Bitcoin may already be catching the attention of the world’s largest state-backed investors, but according to SkyBridge Capital’s Anthony Scaramucci, the real floodgates won’t open until Washington provides regulatory certainty.
In a recent interview, Scaramucci hinted that sovereign wealth funds (SWFs) aren’t waiting on the sidelines entirely. Some are nibbling quietly, adding BTC exposure in small amounts. But without legislative clarity in the U.S., particularly around custody, stablecoins, and asset tokenization, the big money remains cautious.
“Once regulations are in place,” he suggested, “we could see multi-billion-dollar buys from funds managing tens of trillions.” These funds, built from oil surpluses and trade reserves, hold vast influence—Norway and China alone manage over $3 trillion between them.
Scaramucci believes the tipping point could arrive if digital assets are officially recognized as financial infrastructure. Only then, he says, will Bitcoin be seen not just as a speculative asset, but as part of the future of finance.
His view aligns with that of ARK Invest’s Cathie Wood, who recently said the odds of Bitcoin reaching $1 million by 2030 have increased, thanks to growing institutional confidence in the asset class.
From groundbreaking Ethereum developments to record-breaking DeFi activity and major protocol updates, the crypto industry saw a flurry of important announcements this past week.
Memecoin launchpad Pump.fun has stunned the crypto market by pulling off one of the fastest initial coin offerings (ICOs) in history.
Binance founder Changpeng Zhao has once again threatened legal action against Bloomberg.
The latest WuBlockchain Weekly report captures a high-volatility week in crypto. From Bitcoin’s new all-time high to controversy around Pump.fun’s presale and Elon Musk’s political Bitcoin endorsement, markets are witnessing sharp shifts in momentum and policy.