Scaramucci: Sovereign Wealth Funds Won’t Trigger Massive Bitcoin Rally Until U.S. Regulations Are Clear

Scaramucci: Institutional Bitcoin Boom Awaits U.S. Legislative Green Light

SkyBridge Capital founder and former White House official Anthony Scaramucci believes Sovereign Wealth Funds (SWFs) are already dabbling in Bitcoin—albeit quietly and cautiously. Speaking on Anthony Pompliano’s podcast on May 8, Scaramucci said large-scale sovereign buying won't materialize until the U.S. enacts firm digital asset legislation.

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

Anthony Scaramucci spoke to Anthony Pompliano on his podcast on May 8. Source: Anthony Pompliano

Sovereign Wealth Funds Hold Back Until Regulation Clears Path

Scaramucci pointed to several regulatory milestones—stablecoin rules, bank custody approval, and tokenized financial markets—as prerequisites for significant institutional inflows. Once these are in place, he predicts that ultra-high-net-worth institutions managing $10–30 trillion could start allocating $500 million to $1 billion to Bitcoin.

As it stands, Bitcoin’s market cap is approximately $2.05 trillion, and even small shifts in capital from SWFs—which collectively manage tens of trillions—could significantly move the market.

Bitcoin at $1 Million? SWF Buy-In Could Be the Catalyst

Scaramucci emphasized that a “million dollar Bitcoin” scenario would likely only unfold when sovereign entities view Bitcoin as part of the global financial infrastructure. “That’s when someone at a sovereign says, ‘OK, this is part of the infrastructure of the world’s financial services architecture,’” he said.

The sentiment echoes recent comments from ARK Invest CEO Cathie Wood, who in February said the chances of Bitcoin hitting seven figures by 2030 are rising due to the accelerating institutionalization of the asset class.