{"id":4556,"date":"2025-05-10T04:11:12","date_gmt":"2025-05-10T04:11:12","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/sovereigns-are-buying-billions-of-bitcoin-says-anthony-scaramucci\/"},"modified":"2025-05-10T04:11:12","modified_gmt":"2025-05-10T04:11:12","slug":"sovereigns-are-buying-billions-of-bitcoin-says-anthony-scaramucci","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/sovereigns-are-buying-billions-of-bitcoin-says-anthony-scaramucci\/","title":{"rendered":"Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci"},"content":{"rendered":"

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 world\u2019s first stateless money ticked higher, SkyBridge Capital founder Anthony Scaramucci told podcast host Anthony \u201cPomp\u201d 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.<\/p>\n

Sovereigns Are Pouring Billions into Bitcoin<\/h2>\n

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.<\/p>\n

When asked if sovereigns are buying Bitcoin secretly, Scaramucci capital inflow. \u201cI don’t think it’s going to be a gigantic ground swell of buying until we green light legislation in the United States,\u201d he stated. This, in Scaramucci\u2019s view, will make \u201cpeople worth 10, 20, 30 trillion dollars buying a half-a-billion dollars of Bitcoin, buying a billion dollars of Bitcoin.\u201d<\/p>\n

\n

\"\ud83c\uddfa\ud83c\uddf8\" ANTHONY SCARAMUCCI JUST CONFIRMED THAT ALL SOVEREIGNS ARE BUYING BILLIONS OF #BITCOIN<\/a><\/p>\n

THIS IS WILD!!! \"\ud83d\ude80\" pic.twitter.com\/AInDVGR6Jh<\/a><\/p>\n

\u2014 Vivek\"\u26a1\" (@Vivek4real_) May 8, 2025<\/a><\/p>\n<\/blockquote>\n

The former White House communications director framed today\u2019s discreet allocations as a rational response to an increasingly erratic policy environment. With tariffs ricocheting through global supply chains and the dollar\u2019s primacy \u201ccontrolling the global economy,\u201d he argued, officials outside the United States are searching for insurance against what he called \u201cexecutive-policy behavior.\u201d \u201cWe may need to be decoupled from one sovereign currency,\u201d Scaramucci said, predicting that gold\u2019s record highs and Bitcoin\u2019s resilience during this year\u2019s stock-market slump stem from the same instinct for self-protection.<\/p>\n

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. \u201cIf you want to see a million-dollar Bitcoin, that\u2019s when somebody at a sovereign says, \u2018Okay, this is part of the infrastructure of the world\u2019s financial-services architecture.\u2019\u201d In that scenario, he expects official portfolios to target 1%-3% allocations\u2014enough, in his view, to lift Bitcoin\u2019s market capitalization toward gold\u2019s $20-30 trillion domain.<\/p>\n

Digital Gold Will Win<\/h2>\n

For now, the \u201cdigital gold\u201d thesis appears to be holding. While global equity indices have fallen 5%-8% since the latest tariff salvos, Scaramucci noted, Bitcoin is \u201croughly where it was at the beginning of the year.\u201d Thursday\u2019s breakout above $100,000 underscores that relative strength.<\/p>\n

SkyBridge itself has ridden that wave. Scaramucci reminded listeners that he began buying Bitcoin for his flagship fund around $20,000, calling the position \u201cquite beneficial to our performance.\u201d Independent fund-database figures show the $1.7 billion vehicle returned 43% in 2024, outpacing its hedge-fund benchmark by more than four-to-one\u2014results Scaramucci attributes chiefly to the Bitcoin stake. \u201cThis is the best idea I have seen in my career,\u201d he said. \u201cI knew the risks of not jumping in were far greater than playing it safe.\u201d<\/p>\n

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. \u201cMy grandchildren will end up having Bitcoin as a store of value,\u201d he predicted.<\/p>\n

Still, he cautioned that widespread institutional adoption will not occur until the United States clarifies its regulatory stance. \u201cIf we green-light legislation before the end of the congressional term \u2026 then I will tell you that there\u2019ll be large blocks of buying,\u201d he said. Absent that clarity, purchases will remain incremental\u2014yet even incremental flows from trillion-dollar institutions can tally in the billions.<\/p>\n

At press time, BTC traded at $103,077.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

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 world\u2019s first stateless money ticked higher, SkyBridge Capital founder Anthony Scaramucci told podcast host Anthony \u201cPomp\u201d Pompliano that sovereign wealth funds are already accumulating the asset and are…<\/p>\n","protected":false},"author":1,"featured_media":4557,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[1188,65,111,108,73,112,113],"class_list":["post-4556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-anthony-scaramucci","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=4556"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4557"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}