From Cointelegraph

May 10, 2025 12:52:00 am:

Sovereign Wealth Funds are showing interest in Bitcoin, but significant investments are on hold until the US establishes clearer regulations. SkyBridge founder Anthony Scaramucci believes legislation will lead to substantial buying. Bitcoin’s market cap is $2.05 trillion. Norway and China have the largest SWFs, with $1.73 trillion and $1.33 trillion in assets, respectively.

Scaramucci predicts a wave of buying from SWFs if stablecoin regulation and clear guidance for traditional banks on custody of digital assets are passed. He anticipates large blocks of buying, potentially worth billions of dollars. ARK Invest CEO Cathie Wood sees increased chances of Bitcoin hitting seven figures by 2030 due to institutionalization.

Read more at Cointelegraph: Bitcoin won’t see ‘gigantic’ SWF buying until laws greenlit: Scaramucci