Bitcoin Investment by SWFs: Regulations Key to Major Buying

Sovereign Wealth Funds (SWF) are currently making investments in Bitcoin, but significant allocations will only happen when the United States establishes clearer regulations for the digital assets industry, according to SkyBridge founder Anthony Scaramucci. Scaramucci believes that while SWFs are already acquiring Bitcoin on a marginal level, large-scale purchases won’t occur until regulatory clarity is provided by the US government. He predicts this will happen after legislation regarding crypto is passed. He previously stated in February that he expects U.S. government to propose crypto legislation in November.