Governments Are Acquiring Billions in Bitcoin: Insights from Anthony Scaramucci

Bitcoin has surged back past the $100,000 mark, a pivotal level not seen since February in its 16-year existence. As the original decentralized currency rises, Anthony Scaramucci from SkyBridge Capital informed podcast host Anthony “Pomp” Pompliano that sovereign wealth funds are already beginning to invest in this asset, with expectations to significantly increase their purchases once regulations are clearly defined by Washington.

Sovereigns Are Investing Billions in Bitcoin

Scaramucci, who authored the new Little Book of Bitcoin reflecting his transformation from a skeptic to a proponent, noted that international leaders are subtly accumulating this digital currency even before the U.S. establishes guidelines regarding stablecoins, banking custody, and broader token laws.

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When questioned about whether governments are discreetly acquiring Bitcoin, Scaramucci responded affirmatively: “I think they are buying it, I think they’re buying it incrementally,” adding that once the regulations are in place, it will lead to a substantial influx of capital. He expressed that it might not be until clarity is achieved in U.S. legislation that a significant wave of purchases occurs, potentially involving individuals with a combined wealth of trillions investing hundreds of millions to a billion in 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 ex-White House communications director described current subtle investments as a logical response to a volatile policy landscape. With tariffs affecting global supply chains and the strength of the dollar influencing the global economy, he argued that foreign officials are seeking alternatives to mitigate risks associated with erratic national policies. “We may need to dissociate from a single sovereign currency,” he posited, believing that the historical highs of gold and Bitcoin’s stability amid stock market fluctuations reflect a universal desire for self-preservation.

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Although he refrained from claiming Bitcoin would supplant the dollar, Scaramucci asserted that substantial state acquisitions are essential for Bitcoin to reach a million-dollar valuation. He suggests that a sovereign entity would need to recognize Bitcoin as integral to the global financial services framework for that to happen. In his view, official investments might set targets of 1%-3%, which could elevate Bitcoin’s market cap toward the $20-30 trillion range of gold.

The Case for Digital Gold

At present, the notion of Bitcoin as “digital gold” seems resilient. Even as global stock indices have dropped by 5%-8% due to tariff disputes, Bitcoin has remained relatively stable since the start of the year. The recent surge past $100,000 reinforces this stable performance.

SkyBridge has benefited from this trend. Scaramucci recounted that he initiated Bitcoin investments for his flagship fund when it was valued at around $20,000, deeming it a beneficial decision for their returns. Data shows the $1.7 billion fund yielded a 43% return in 2024, significantly surpassing its hedge fund benchmarks, primarily due to its Bitcoin holdings. “This represents the best opportunity I’ve encountered in my career,” he expressed, acknowledging the risks of staying out far exceeded those of participating.

Generational shifts are also enhancing these trends. Scaramucci noted that while older investment managers tend to favor gold, younger investors already view Bitcoin as a valuable asset for the future. “My grandchildren will eventually inherit Bitcoin as a form of wealth,” he projected.

Nevertheless, he emphasized that profound institutional acceptance would hinge on U.S. regulatory clarity. “If favorable legislation is passed before the end of this congressional term … I predict there will be significant buying activity,” he stated. In the absence of that clarity, purchases will likely proceed gradually—yet even modest increases from trillion-dollar entities can sum up to substantial investments.

As of the latest update, Bitcoin is priced at $103,077.

Featured image created with DALL.E, chart from TradingView.com