Anthony Scaramucci said this will not happen if Bitcoin does not reach a million: Here is the reason! - Coin Bulletin

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Sovereign Wealth Funds (SWF), Bitcoin (BTC) have not made significant investments in digital assets; Anthony Scaramucci is waiting for clarity on U.S. regulations.

SkyBridge founder and former White House communications director Anthony Scaramucci stated in an interview on Anthony Pompliano's podcast on May 8 that Bitcoin purchases by Sovereign Wealth Funds (SWF) have begun at the border, but emphasized that significant purchases would only occur after the U.S. government initiates a clear legislative process for digital assets. Scaramucci had mentioned in a statement to the Financial Times last February that he expected the U.S. government to propose crypto legislation in November.

Sovereign Wealth Funds are investment funds that are generally managed by states and manage national savings. These funds typically accumulate from surplus revenues such as oil income or trade profits. The country with the largest SWF in the world is Norway, sitting at the top with $1.73 trillion in assets, while China ranks second with $1.33 trillion.

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Scaramucci stated that if progress is made in the passage of stablecoin regulations, providing clear guidelines for traditional banks to hold Bitcoin and other digital assets, and the tokenization of stocks and bonds, SWFs could begin making large purchases. Scaramucci expressed that in this case, significant amounts of Bitcoin purchases could come, adding:

"Purchases of Bitcoin worth a few hundred million, even up to a billion dollars, will begin."

Finally, the CEO of ARK Invest, Cathie Wood**, stated that the likelihood of Bitcoin reaching a seven-digit price by 2030 is increasing, and that this development is a result of the institutionalization of digital assets