SkyBridge founder Anthony Scaramucci recently stated on the Anthony Pompliano podcast that sovereign wealth funds (SWF) have started to make small-scale purchases of Bitcoin, but large-scale purchases will only occur after the United States clarifies its regulations on digital assets. He noted that if stablecoin regulations are approved, traditional banks are allowed to custody Bitcoin, and progress is made in asset tokenization, SWFs could invest hundreds of millions to billions of dollars in Bitcoin. Scaramucci believes that for the price of Bitcoin to reach a million dollars, sovereign institutions must recognize it as part of the global financial services infrastructure. (Cointelegraph)