SkyBridge founder: SWF will buy bitcoin on a large scale after the US introduces clear regulations

Anthony Scaramucci, founder of SkyBridge, said that sovereign wealth funds (SWFs) have begun to approach bitcoin, but large-scale allocations will not occur until the United States establishes clearer regulations for the digital asset industry.
Scaramucci believes that if the United States passes stablecoin regulations, provides clear guidance on bitcoin custody for traditional banks, and makes progress on tokenization of stocks and bonds, SWFs will likely follow suit with large-scale purchases. "If you want to see bitcoin reach $1 million, that will be when some sovereign fund says it's part of the world's financial services infrastructure," he noted.