Ahmet Bedirhan Arvas 
Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director, stated that the interest of sovereign wealth funds (SWFs) in Bitcoin may increase, but this requires clearer regulations on digital assets in the US. Scaramucci stated in a statement on Anthony Pompliano’s podcast on May 8 that SWFs are already making marginal purchases, but large-scale investments are limited due to regulatory uncertainty.
What to Expect for Large Purchases?
According to Scaramucci, unless a clear regulatory framework for digital assets is established in the US, it is unlikely that SWFs will make large-scale Bitcoin purchases. He emphasized that progress should be made, especially on stablecoin regulations, providing guidance to traditional banks on the storage of digital assets, and tokenization of stocks and bonds. Scaramucci stated that if such regulations are implemented, SWFs could make half a billion dollars’ worth of Bitcoin purchases, and this would contribute to Bitcoin being accepted as part of the infrastructure of the financial system.
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How Cathie Wood Comments on Bitcoin
ARK Invest CEO Cathie Wood predicts that Bitcoin could exceed $1 million by 2030. Wood bases this prediction on factors such as increasing institutional adoption, Bitcoin’s limited supply, and regulatory clarity. She also states that Bitcoin’s acceptance as a new asset class will lead to it becoming more widely available in investment portfolios. Wood says that the approval of Bitcoin ETFs will also accelerate this process and strengthen Bitcoin’s role in the financial system.
Scaramucci and Wood’s views suggest that regulatory uncertainty is the biggest obstacle to institutional adoption of Bitcoin. Clear and comprehensive regulations for digital assets in the US could increase interest in Bitcoin from SWFs and other large institutional investors. This could lead to significant increases in Bitcoin’s price and general acceptance.
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