Will Sovereign Wealth Funds Dive into Bitcoin? Scaramucci Says, Only If U.S. Acts

Will Sovereign Wealth Funds Dive into Bitcoin? Why Are the Funds Waiting for the U.S. Green Light?

Although Sovereign Wealth Funds are already becoming more familiar with Bitcoin, Anthony Scaramucci, the founder of SkyBridge, thinks that major allocations won’t occur until the US has more precise regulations for the digital assets sector. On Anthony Pompliano’s podcast on May 8, Scaramucci, who was the director of White House communications during the first term of US President Donald Trump, discussed the matter.

I think they are buying it, I think they are buying it on the margin. I don’t think it is going to be a gigantic groundswell of buying until we greenlight legislation in the United States,

Scaramucci

Scaramucci Predicts Sovereign Wealth Funds Will Fuel Bitcoin’s Million-Dollar Journey!

According to Scaramucci, there will probably be a big surge in purchases from sovereign wealth funds if stablecoin regulation is approved and conventional institutions are given clear instructions on how to hold Bitcoin and other digital assets. He added that advancements in the tokenization of equities and bonds would promote these kinds of investments even more.

Then I will tell you that there will be large blocks of buying, or people worth 10, 20, 30 trillion dollars, buying a half a billion dollars of Bitcoin, buying a billion of Bitcoin. But if you wanna see a million dollar Bitcoin, that’s when someone at a sovereign says ok, this is part of the infrastructure of the world’s financial services architecture,

Scaramucci

Global SWF Powerhouses: Norway and China Top the List with Trillions in Assets

Government-owned investment funds, known as SWFs, are in charge of managing national savings and are frequently established using surplus income from trade or oil profits. According to Visual Capitalist data, Norway has the largest SWF globally, with over $1.73 trillion in assets under administration, followed by China with $1.33 trillion.

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