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Bitcoin blasted again by the psychologically charged $100,000 threshold for less than the second time in its 16-year historical past, reclaiming a stage final seen in February. Because the world’s first stateless cash ticked increased, SkyBridge Capital founder Anthony Scaramucci instructed podcast host Anthony “Pomp” Pompliano that sovereign wealth funds are already accumulating the asset and are poised to scale these purchases dramatically as soon as Washington finishes writing the principles of the highway.
Sovereigns Are Pouring Billions into Bitcoin
Scaramucci, whose new Little E book of Bitcoin chronicles his personal conversion from skeptic to evangelist, mentioned abroad officers are quietly including the digital asset even earlier than america clarifies stablecoin laws, bank-custody steerage and broader tokenization guidelines.
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When requested if sovereigns are shopping for Bitcoin secretly, Scaramucci answered: “I feel they’re shopping for it, I feel they’re shopping for it on the margin,” he mentioned, including that regulatory inexperienced lights will unleash an enormous wave of capital inflow. “I don’t suppose it’s going to be a big floor swell of shopping for till we inexperienced gentle laws in america,” he said. This, in Scaramucci’s view, will make “individuals value 10, 20, 30 trillion {dollars} shopping for a half-a-billion {dollars} of Bitcoin, shopping for 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 previous White Home communications director framed in the present day’s discreet allocations as a rational response to an more and more erratic coverage setting. With tariffs ricocheting by world provide chains and the greenback’s primacy “controlling the worldwide economic system,” he argued, officers exterior america are looking for insurance coverage towards what he known as “executive-policy conduct.” “We might should be decoupled from one sovereign foreign money,” Scaramucci mentioned, predicting that gold’s document highs and Bitcoin’s resilience throughout this yr’s stock-market stoop stem from the identical intuition for self-protection.
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He stopped in need of predicting that Bitcoin will exchange the greenback, however he insisted that sovereign accumulation is the precondition for an eventual seven-figure price ticket. “If you wish to see a million-dollar Bitcoin, that’s when any person at a sovereign says, ‘Okay, that is a part of the infrastructure of the world’s financial-services structure.’” In that situation, he expects official portfolios to focus on 1%-3% allocations—sufficient, in his view, to raise Bitcoin’s market capitalization towards gold’s $20-30 trillion area.
Digital Gold Will Win
For now, the “digital gold” thesis seems to be holding. Whereas world fairness indices have fallen 5%-8% because the newest tariff salvos, Scaramucci famous, Bitcoin is “roughly the place it was in the beginning of the yr.” Thursday’s breakout above $100,000 underscores that relative energy.
SkyBridge itself has ridden that wave. Scaramucci reminded listeners that he started shopping for Bitcoin for his flagship fund round $20,000, calling the place “fairly helpful to our efficiency.” Unbiased fund-database figures present the $1.7 billion car returned 43% in 2024, outpacing its hedge-fund benchmark by greater than four-to-one—outcomes Scaramucci attributes mainly to the Bitcoin stake. “That is the perfect thought I’ve seen in my profession,” he mentioned. “I knew the dangers of not leaping in have been far better than enjoying it secure.”
Generational dynamics are reinforcing these flows. Whereas older asset-managers nonetheless lean towards bullion, Scaramucci mentioned, youthful allocators already deal with Bitcoin as an heirloom asset. “My grandchildren will find yourself having Bitcoin as a retailer of worth,” he predicted.
Nonetheless, he cautioned that widespread institutional adoption won’t happen till america clarifies its regulatory stance. “If we green-light laws earlier than the top of the congressional time period … then I’ll inform you that there’ll be massive blocks of shopping for,” he mentioned. Absent that readability, purchases will stay incremental—but even incremental flows from trillion-dollar establishments can tally within the billions.
At press time, BTC traded at $103,077.
Featured picture created with DALL.E, chart from TradingView.com
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