Online reports that SkyBridge founder Anthony Scaramucci said sovereign wealth funds (SWFs) have begun to engage in Bitcoin, but there will be no large-scale deployment until the United States establishes clearer regulations for the digital asset industry. Scaramucci believes that if the United States passes stablecoin regulations, provides clear guidance on Bitcoin custody for traditional banks, and makes progress in the tokenization of stocks and bonds, SWF will likely follow up with large-scale purchases. "If you want to see Bitcoin reach $1 million, it will be when a sovereign fund says it's part of the world's financial services infrastructure," he pointed out. "