Anthony Scaramucci, founder of SkyBridge, believes sovereign wealth funds are already buying Bitcoin on the margin, but significant allocations will not happen until the US establishes clearer regulations. Scaramucci thinks that once legislation is passed, there will be a significant wave of buying from sovereign wealth funds. He expects the US to propose crypto legislation in November, which will lead to large blocks of buying from funds worth trillions of dollars. Sovereign wealth funds are government-owned investment funds that manage national savings, and Norway has the largest one with approximately $1.73 trillion. Bitcoin's market cap is approximately $2.05 trillion. Scaramucci believes that if stablecoin regulation is passed, clear guidance is provided for traditional banks to custody of Bitcoin, and there's progress on tokenizing stocks and bonds, a significant wave of buying from sovereign wealth funds is likely to follow. He thinks that if someone at a sovereign wealth fund says Bitcoin is part of the infrastructure of the world's financial services architecture, then the price of Bitcoin could reach a million dollars. ARK Invest CEO Cathie Wood recently said that the chances of Bitcoin reaching a seven-figure price by 2030 have increased. Scaramucci believes that once sovereign wealth funds start buying Bitcoin, the price will increase significantly. He thinks that the institutionalization of Bitcoin as a new asset class will lead to a significant increase in its price.

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Romàn Cuesta, colaborador de Diario Red, desenmascara la identidad que hay detrás del usuario CapitanBitcoin, y fíjate, no como infiltrado policial 👮🏼 , sino investigando a fondo 🕵️. Conviértete en miembro de este canal para disfrutar de ventajas: https://www.youtube.com/channel/UCA_HYsDeuC20Kzv461XCtNQ/join ----------------------------------------------------------------------------------------------- Recuerda que puedes ver el programa en directo de lunes a jueves a las 12:30 y los viernes en el canal de YouTube de Público a la misma hora: https://www.youtube.com/@publico_es Sigue nuestras redes: BlueSky: https://bsky.app/profile/hecdprograma.bsky.social Telegram: https://t.me/HECDMarinaLobo Instagram: https://www.instagram.com/hecd_programa/ Twitter: https://twitter.com/HECD_Programa TikTok: https://www.tiktok.com/@hecd_programa Threads: https://www.threads.net/@hecd_programa Wasap: https://whatsapp.com/channel/0029Vb5ZnbnFCCoZUb9FPU3n

Bitcoin's price is currently consolidating around $95,000, awaiting President Trump's 100-day speech. Over $4.7 billion in Bitcoin has been withdrawn from exchanges, potentially increasing price sensitivity. Trump's crypto policy statements could significantly impact Bitcoin's price, potentially driving it towards $100,000. However, new tariffs or budget cuts could limit potential gains. Analysts predict Bitcoin needs to break the $95,000 resistance level to reach $100,000. The $95,000 level is a crucial resistance point for the ongoing uptrend. Some analysts see a potential pullback before reaching $100,000, while others predict even higher prices in the future. Low exchange supply adds to the bullish sentiment. Market uncertainty remains, influenced by both Trump's speech and broader economic factors. Disclaimer: This information is not financial advice.

JUST IN🔥SEC CHAIR PAUL ATKINS SAYS HE'S "EAGER TO TACKLE ISSUES" LIKE #BITCOIN AND DIGITAL ASSETS IN HIS FIRST PUBLIC SPEECH 🚀 https://t.co/8Z1eqfDWFT

Earlier this week, Bitcoin mining giant Hut 8 revealed a partnership that includes two members of the Trump family — Donald Jr. and Eric — and its plans to launch a new mining venture, American Bitcoin.  In an exclusive interview on Decentralize with Cointelegraph’s Byte-Sized Insight series, Hut 8 CEO Asher Genoot shared new details about the venture’s vision, why the timing was right and how the company plans to scale. The right team and the right time “We’ve thought about splitting out our Bitcoin mining and energy infrastructure businesses for some time,” Genoot said.

Pi is a network of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem.