BitGo CEO Predicts Continued Crypto Growth Into 2025 Amid Regulatory Shifts
Mike Belshe, CEO of BitGo, predicts that the positive momentum driving cryptocurrency assets in 2024 will extend into 2025.
Speaking in a recent CNBC interview, Belshe highlighted that while the crypto industry is optimistic about the new pro-crypto administration in Washington, the full impact of the regulatory changes may not be fully reflected yet.
He explained that while market expectations have priced in some of the regulatory shifts, historical trends show that significant news events often take time to be fully absorbed. Despite the current excitement surrounding the new administration, Belshe believes the real benefits of these changes will continue to unfold through 2025. He emphasized the stark contrast to the past two and a half years, when the regulatory environment was not only unhelpful but actively hostile to crypto. With the situation now shifting in favor of the industry, Belshe is confident that this will lead to sustained growth in the coming year.
READ MORE: Dogecoin Poised for January Surge, But Will It Follow Ethereum’s Lead?
When asked about the growing trend of companies adding Bitcoin to their corporate treasuries, Belshe affirmed that it is an inevitable development. He pointed out that many major companies hold substantial amounts of cash that is being devalued due to increasing monetary supply. As a result, Bitcoin is becoming an increasingly attractive option for balancing corporate portfolios. Belshe noted that discussions with clients about Bitcoin allocations have been ongoing for years, but the recent regulatory changes and the availability of ETFs have made it significantly easier for companies to take the plunge.
He further explained that the massive cash reserves of the largest companies make Bitcoin an appealing hedge, particularly given the U.S. government’s ongoing struggles to control inflation. While optimistic about the regulatory improvements ahead, Belshe stressed that Bitcoin remains an effective safeguard against the risks posed by continuous money supply growth.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
