Bitcoin is attracting interest from Sovereign Wealth Funds (SWFs), but significant investments will not materialize until clearer regulations are established in the United States, according to Anthony Scaramucci, founder of SkyBridge. Scaramucci, during a podcast interview, indicated that while SWFs are currently purchasing Bitcoin on the margin, a substantial influx will only occur with legislative clarity regarding cryptocurrencies. He emphasized the necessity for stablecoin regulations and guidance for traditional banks on custody of Bitcoin and digital assets. In the absence of such regulatory advancements, he predicts that large-scale purchases from SWFs will remain limited. Scaramucci noted that this could pave the way for investments amounting to billions as SWFs recognize Bitcoin as a component of the global financial infrastructure.

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