Founder of Tianqiao Capital: Large-scale purchase of bitcoin by sovereign wealth funds requires clarification of US legislation

Anthony Scaramucci, founder of SkyBridge Capital, said in a recent podcast interview that although some sovereign wealth funds have allocated to bitcoin at the margin, it will be difficult to see large-scale inflows until the United States introduces clear regulations on digital assets. He pointed out that if the United States passes a stablecoin regulation bill, allowing traditional banks to custody bitcoin, and makes progress in the tokenization of stocks and bonds, it will likely trigger a wave of sovereign wealth funds to buy bitcoin in large quantities. Anthony Scaramucci stressed that only if sovereign wealth funds consider bitcoin as part of the global financial infrastructure can it drive the price of bitcoin to the level of one million dollars.