Bitcoin Surge Sovereigns Invest Billions

Sovereign Wealth Funds Quietly Accumulating Bitcoin

• Bitcoin surpassed $100,000 for the second time in its 16-year history.
• Anthony Scaramucci claims sovereign wealth funds are buying Bitcoin.
• He suggests these funds are waiting for U.S. regulatory clarity to increase purchases.
• Scaramucci predicts potential allocations of 1%-3% in official portfolios.
• SkyBridge Capital’s fund returned 43% in 2024, largely due to Bitcoin investments.

Sovereign wealth funds are discreetly acquiring Bitcoin as they await U.S. regulatory guidance, according to Anthony Scaramucci. He believes this could lead to significant capital inflows once regulations are clear, with potential portfolio allocations up to 3% boosting Bitcoin’s market cap significantly. At press time, Bitcoin traded at $103,077.