Bitcoin has made headlines once again by blasting through the psychologically charged $100,000 threshold for only the second time in its 16-year history. This milestone, last seen in February, marks a significant moment for the cryptocurrency as it continues to gain traction among institutional investors. Notably, SkyBridge Capital founder Anthony Scaramucci recently shared insights during a podcast with Anthony “Pomp” Pompliano, revealing that sovereign wealth funds are already accumulating Bitcoin and are likely to scale their purchases dramatically once regulatory clarity is achieved in the United States.
Sovereigns Are Pouring Billions into Bitcoin
In his discussion, Scaramucci, who has chronicled his journey from skepticism to becoming a Bitcoin evangelist in his new book, emphasized that international officials are discreetly adding Bitcoin to their portfolios, even prior to the United States clarifying its stance on stablecoin legislation, bank-custody guidelines, and broader tokenization rules.
When asked about the covert nature of sovereign investments in Bitcoin, Scaramucci confidently stated, “I think they are buying it, I think they’re buying it on the margin.” He highlighted that regulatory approvals will spur a significant inflow of capital, predicting a scenario where investors worth trillions will begin accumulating Bitcoin in substantial amounts, citing, “If you want to see a million-dollar Bitcoin, that’s when somebody at a sovereign says, ‘Okay, this is part of the infrastructure of the world’s financial-services architecture.’”
ANTHONY SCARAMUCCI JUST CONFIRMED THAT ALL SOVEREIGNS ARE BUYING BILLIONS OF #BITCOIN
THIS IS WILD!!!
pic.twitter.com/AInDVGR6Jh
— Vivek
(@Vivek4real_) May 8, 2025
Scaramucci framed these discreet allocations as a rational response to an increasingly unpredictable policy environment. As tariffs impact global supply chains and the dollar’s dominant position affects the international economy, sovereign officials are seeking insurance against erratic executive actions.
“We may need to be decoupled from one sovereign currency,” he asserted, anticipating that both gold’s record highs and Bitcoin’s strength during recent stock market fluctuations reflect a universal instinct for self-protection.
Digital Gold Will Win
For now, the “digital gold” narrative appears to be holding firm. Despite a 5%-8% decline in global equity indices recently, Bitcoin has remained approximately where it stood at the start of the year, with its recent surge above $100,000 highlighting its relative strength.
SkyBridge has benefitted from this momentum, as Scaramucci pointed out that he initiated Bitcoin purchases for his flagship fund when the price hovered around $20,000, describing the investment as significantly beneficial to the fund’s performance.
Looking ahead, widespread institutional adoption is contingent upon regulatory clarity from the U.S. If legislation is approved before the conclusion of the congressional term, large-scale buying is anticipated. However, in the interim, even modest purchases from high-value institutions can aggregate into billions.
Currently, Bitcoin is trading at $103,077, as investors and analysts keep a close eye on market movements and regulatory developments.
