SWF Bitcoin Investment Hinges on U.S. Regulations

Anthony Scaramucci, founder of SkyBridge Capital, highlighted the hesitation of sovereign wealth funds in making substantial Bitcoin investments pending U.S. regulatory clarity during a podcast interview on May 8, 2025.

Scaramucci’s comments underscore the potential for major institutional adoption of Bitcoin, contingent on clear regulations, which could significantly impact Bitcoin’s market value.

Scaramucci disclosed that while some sovereign wealth funds have initiated small-scale Bitcoin purchases, their extensive involvement awaits U.S. legislative clarity. He foresees a “million dollar Bitcoin” when regulatory frameworks acknowledge its financial infrastructure role.

SkyBridge Capital’s founder emphasized that Sovereign Wealth Funds manage assets exceeding trillions of dollars, and even minor Bitcoin allocations could influence the market. Regulatory developments including stablecoin legislation and banking guidance, are pivotal.

Investors anticipate potential regulatory changes that could allow traditional custodianship of Bitcoin and tokenized securities. Clarity could prompt significant SWF investments, altering financial landscapes.

Historical patterns in traditional markets illustrate that institutional investments often follow regulatory certainty. Cryptocurrency markets may witness similar outcomes once legal frameworks align with industry needs.

Scaramucci’s forecast reflects a cautious optimism shared by many financial experts, awaiting legislative changes to validate Bitcoin as an asset class, thereby enabling greater institutional participation and potentially setting new valuation benchmarks.