Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci

Bitcoin blasted back through the psychologically charged $100,000 threshold for only the second time in its 16-year history, reclaiming a level last seen in February. As the world’s first stateless money ticked higher, SkyBridge Capital founder Anthony Scaramucci told podcast host Anthony “Pomp” Pompliano that sovereign wealth funds are already accumulating the asset and are poised to scale those purchases dramatically once Washington finishes writing the rules of the road. Sovereigns Are Pouring Billions into Bitcoin Scaramucci, whose new Little Book of Bitcoin chronicles his own conversion from skeptic to evangelist, said overseas officials are quietly adding the digital asset even before the United States clarifies stablecoin legislation, bank-custody guidance and broader tokenization rules. Related Reading: Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests When asked if sovereigns are buying Bitcoin secretly, Scaramucci answered: “I think they are buying it, I think they’re buying it on the margin,” he said, adding that regulatory green lights will unleash a massive wave of capital inflow. “I don’t think it’s going to be a gigantic ground swell of buying until we green light legislation in the United States,” he stated. This, in Scaramucci’s view, will make “people worth 10, 20, 30 trillion dollars buying a half-a-billion dollars of Bitcoin, buying a billion dollars of Bitcoin.”

May 10, 2025 - 03:10

Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci

Bitcoin blasted back through the psychologically charged $100,000 threshold for only the second time in its 16-year history, reclaiming a level last seen in February. As the world’s first stateless money ticked higher, SkyBridge Capital founder Anthony Scaramucci told podcast host Anthony “Pomp” Pompliano that sovereign wealth funds are already accumulating the asset and are poised to scale those purchases dramatically once Washington finishes writing the rules of the road.

Sovereigns Are Pouring Billions into Bitcoin

Scaramucci, whose new Little Book of Bitcoin chronicles his own conversion from skeptic to evangelist, said overseas officials are quietly adding the digital asset even before the United States clarifies stablecoin legislation, bank-custody guidance and broader tokenization rules.

When asked if sovereigns are buying Bitcoin secretly, Scaramucci answered: “I think they are buying it, I think they’re buying it on the margin,” he said, adding that regulatory green lights will unleash a massive wave of capital inflow. “I don’t think it’s going to be a gigantic ground swell of buying until we green light legislation in the United States,” he stated. This, in Scaramucci’s view, will make “people worth 10, 20, 30 trillion dollars buying a half-a-billion dollars of Bitcoin, buying a billion dollars of Bitcoin.”