In a recent interview with CNBC, BitGo CEO Mike Belshe shared his insights on the future of crypto assets in 2025. Belshe expressed optimism about the continued growth of the crypto industry, citing the tailwinds that have been propelling the market forward.
While many in the crypto industry are already bullish on the incoming pro-crypto administration in Washington D.C., Belshe believes that the full impact of the new regulatory environment has yet to be fully priced in. He emphasized that regulatory changes often take time to reflect in the market and expects the effects to be felt throughout 2025.
Belshe also addressed the trend of companies adding Bitcoin to their corporate treasuries, stating that it is a strategy that is likely to gain momentum. He noted that large companies have significant amounts of cash that are at risk of being devalued due to the increase in monetary supply, making Bitcoin an attractive option for treasury management.
“We’re talking with multiple clients right now about doing that. It’s been a conversation for the last couple of years but frankly, the regulatory changes make it a lot easier. Having ETFs available makes it a lot easier. People don’t remember exactly how much balance sheet cash some of the top seven companies have. It’s hundreds of billions of dollars. So having some access to Bitcoin into that portfolio into that treasury management just makes sense,” Belshe explained.
He also highlighted Bitcoin as a hedge against potential inflation caused by continued monetary supply growth, pointing out that the US has a track record of high spending. Belshe believes that Bitcoin offers a safeguard against potential economic uncertainties.
As of the time of writing, Bitcoin is trading at $94,912, reflecting the ongoing interest and investment in the digital asset.
In conclusion, Belshe’s insights offer a glimpse into the future of crypto assets and the potential impact of regulatory changes on the market. As more companies explore the possibility of adding Bitcoin to their treasuries, the crypto industry is poised for continued growth and adoption in the coming years. Subscribe to stay updated on the latest developments in the crypto space.