Scaramucci: Regulatory Clarity Key for Bitcoin Investment from Sovereign Wealth Funds

Anthony Scaramucci, founder of SkyBridge Capital, discussed the future of Bitcoin investments by sovereign wealth funds on a recent podcast interview with PANews. He believes significant capital inflows are unlikely until the United States clarifies regulations for digital assets. Scaramucci argues that a stablecoin regulatory bill allowing traditional banks to custody Bitcoin and advancements in tokenized securities like stocks and bonds could trigger substantial Bitcoin purchases from these funds. He further suggests that Bitcoin’s price might reach a million dollars only if these funds view it as a crucial component of the global financial system.