BitGo’s CEO, Mike Belshe, is betting big on Bitcoin and crypto in 2025. He believes the positive momentum from 2024 will carry over.
A Brighter Regulatory Future?
In a recent CNBC interview, Belshe pointed to the new, pro-crypto administration in Washington. While the market is already optimistic, he thinks the full impact of friendlier regulations isn’t reflected in prices yet. He expects this positive regulatory shift to continue boosting crypto throughout 2025, especially considering the previously hostile environment.
More Big Companies to Buy Bitcoin?
Belshe also predicts a surge in major corporations adding Bitcoin to their reserves. He says many large companies have massive cash piles that are losing value due to inflation, making Bitcoin a smart investment. He’s already discussing this strategy with several clients. The availability of Bitcoin ETFs is also making this easier. He highlights that the top companies hold hundreds of billions in cash, and Bitcoin offers a hedge against continued inflation. Even with optimism surrounding the new administration, the US hasn’t had a strong track record of controlling spending, making Bitcoin an attractive inflation hedge.
Bitcoin’s Price at the Time of Writing
At the time of this writing, Bitcoin was trading at $94,912.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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