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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 worlds 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 theyre 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 Scaramuccis view, will make people worth 10, 20, 30 trillion dollars buying a half-a-billion dollars of Bitcoin, buying a billion dollars of Bitcoin. ANTHONY SCARAMUCCI JUST CONFIRMED THAT ALL SOVEREIGNS ARE BUYING BILLIONS OF #BITCOIN THIS IS WILD!!! pic.twitter.com/AInDVGR6Jh Vivek (@Vivek4real_) May 8, 2025 The former White House communications director framed todays discreet allocations as a rational response to an increasingly erratic policy environment. With tariffs ricocheting through global supply chains and the dollars primacy controlling the global economy, he argued, officials outside the United States are searching for insurance against what he called executive-policy behavior. We may need to be decoupled from one sovereign currency, Scaramucci said, predicting that golds record highs and Bitcoins resilience during this years stock-market slump stem from the same instinct for self-protection. Related Reading: Bitcoin Soars Toward $100,000 As Treasury, Not Fed, Drives Liquidity: Expert He stopped short of predicting that Bitcoin will replace the dollar, but he insisted that sovereign accumulation is the precondition for an eventual seven-figure price tag. If you want to see a million-dollar Bitcoin, thats when somebody at a sovereign says, Okay, this is part of the infrastructure of the worlds financial-services architecture. In that scenario, he expects official portfolios to target 1%-3% allocationsenough, in his view, to lift Bitcoins market capitalization toward golds $20-30 trillion domain. Digital Gold Will Win For now, the digital gold thesis appears to be holding. While global equity indices have fallen 5%-8% since the latest tariff salvos, Scaramucci noted, Bitcoin is roughly where it was at the beginning of the year. Thursdays breakout above $100,000 underscores that relative strength. SkyBridge itself has ridden that wave. Scaramucci reminded listeners that he began buying Bitcoin for his flagship fund around $20,000, calling the position quite beneficial to our performance. Independent fund-database figures show the $1.7 billion vehicle returned 43% in 2024, outpacing its hedge-fund benchmark by more than four-to-oneresults Scaramucci attributes chiefly to the Bitcoin stake. This is the best idea I have seen in my career, he said. I knew the risks of not jumping in were far greater than playing it safe. Generational dynamics are reinforcing those flows. While older asset-managers still lean toward bullion, Scaramucci said, younger allocators already treat Bitcoin as an heirloom asset. My grandchildren will end up having Bitcoin as a store of value, he predicted. Still, he cautioned that widespread institutional adoption will not occur until the United States clarifies its regulatory stance. If we green-light legislation before the end of the congressional term then I will tell you that therell be large blocks of buying, he said. Absent that clarity, purchases will remain incrementalyet even incremental flows from trillion-dollar institutions can tally in the billions. At press time, BTC traded at $103,077. Featured image created with DALL.E, chart from TradingView.com
