Bridgewater Capital Founder: Sovereign Wealth Funds' Large-Scale Purchase of BTC Still Awaits U.S. Legislative Approval

According to Cointelegraph, Anthony Scaramucci, founder of SkyBridge Capital, stated in a recent podcast interview that although some sovereign wealth funds have marginally allocated Bitcoin, it is difficult to see large-scale capital inflows before the U.S. establishes clear digital asset regulatory laws.

He pointed out that if the U.S. passes a stablecoin regulatory bill, allows traditional banks to custody Bitcoin, and makes progress in the tokenization of stocks and bonds, it could trigger a wave of large Bitcoin purchases by sovereign wealth funds.

Anthony Scaramucci emphasized that only when sovereign wealth funds view Bitcoin as part of the global financial infrastructure could it drive Bitcoin prices to reach the million-dollar level.