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Sovereign wealth funds have begun to dabble in Bitcoin, but massive bets remain on hold. State‑owned funds won’t go big, SkyBridge founder Anthony Scaramucci has said, until the United States sets out with certainty how digital assets will be part of its financial system. He spoke on Anthony Pompliano’s podcast on May 8, and it is only a matter of waiting.
Anticipation For US Regulation
Scaramucci averred that unless US lawmakers provide strong direction, big-ticket purchases by sovereign funds will not happen. He cited the regulation of stablecoins, guidance on bank custody of tokens and pilot programs for tokenized stocks as the pieces missing from the puzzle. If Congress enacts a stablecoin bill this year and regulators detail how banks may hold Bitcoin and other tokens, those funds will be comfortable enough to move out of small, tactical trades.
Sovereign wealth funds and institutions are quietly buying bitcoin.@scaramucci explains what is happening 👇 pic.twitter.com/mDLmyE8iaL
— Anthony Pompliano 🌪 (@APompliano) May 9, 2025
Existing Allocations Remain Modest
According to reports, the majority of sovereign funds have maintained their Bitcoin holdings small. Norway’s sovereign fund, the globe’s largest with around $1.73 trillion under administration, and China’s $1.33 trillion pool have only made insignificant purchases up to now. Bitcoin’s market capitalization is close to $2.05 trillion. At this size, even a $100 million transaction would hardly make the charts wobble. This degree of restraint illustrates how careful these investors are.
Legal Steps Could Unlock Demand
If banks are allowed to custody digital assets, and tokenized stocks and bonds begin trading on regulated exchanges, Scaramucci anticipates a change. He’s previously spoken of “large blocks” of sovereign wealth funds that will be holding $10 trillion, $20 trillion or even $30 trillion or investing $500 million or $1 billion orders. When those blocks are released into the market, price fluctuations may be dramatic. Executing an order of that magnitude in a narrow trading window would drive values higher quickly.
Outlook For Price Movements
There are some analysts who believe that Bitcoin crosses new milestones. ARK Invest CEO Cathie Wood stated in February that seven-figure prices in 2030 are more feasible now due to increased interest among large institutions. If sovereign funds approach Bitcoin as merely another asset class, with each new wave of demand further restricting available supply, it can pave the way for a race that many investors only fantasize about today.
The path forward can still turn and curve. Scaramucci has proposed a crypto bill in America by November, but Washington’s timeline can fall behind. Europe and some of Asia are meanwhile operating pilot schemes for tokenized assets and building sandboxes for stablecoins. Those tests may entice some sovereign players earlier. Deep pockets are currently waiting, watching for a definite sign before they put their largest wagers.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
