In a recent interview with CNBC, BitGo CEO Mike Belshe expressed his optimism about the future of crypto assets in 2025 and beyond. Belshe believes that the regulatory tailwinds that have been driving the industry forward since 2024 will continue to have a positive impact on the market. Despite the bullish sentiment surrounding the new pro-crypto administration in Washington D.C., Belshe suggests that the full effects of the changing regulatory environment may not have been fully priced in yet.
Belshe notes that for the past two and a half years, the regulatory environment has been hostile towards crypto assets, with attempts to stifle innovation and growth in the industry. However, with the shift towards a more favorable regulatory landscape, Belshe predicts that crypto assets will continue to see significant gains in the coming years. He believes that the regulatory changes, coupled with the increasing adoption of Bitcoin by large corporations, will fuel the growth of the market in 2025.
When asked about the potential for more companies to add Bitcoin to their corporate treasuries, Belshe is confident that this trend will continue to gain traction. He points out that many large companies have significant amounts of cash on their balance sheets that are being devalued by the continuous increase in monetary supply. By adding Bitcoin to their portfolios, these companies can hedge against inflation and protect their assets in the long term. Belshe reveals that BitGo is currently in discussions with multiple clients about adding Bitcoin to their treasuries.
One of the key factors driving the adoption of Bitcoin by large corporations is the availability of exchange-traded funds (ETFs) and the easing of regulatory restrictions. Belshe believes that having easier access to Bitcoin through ETFs has made it more attractive for companies to diversify their portfolios and safeguard their assets. He emphasizes that Bitcoin serves as a valuable hedge against inflation and government spending, making it an appealing option for companies looking to protect their wealth.
As of the time of writing, Bitcoin is trading at $94,912, demonstrating the continued strength of the cryptocurrency market. With growing interest from institutional investors and large corporations, as well as the changing regulatory environment, the future looks bright for Bitcoin and other crypto assets. Belshe’s optimistic outlook for 2025 suggests that the momentum in the industry is likely to continue, paving the way for further adoption and growth in the years to come.
