Bitcoin to Surpass $125k by Year-End, Institutional Money Just 5% - Belshe Says 'Get Off the Dollar'

In an illuminating interview at Consensus 2024 in Austin, Texas, Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, speaks with Mike Belshe, CEO of BitGo. Belshe forecasts that Bitcoin will surpass $125,000 by year-end, even though only 5% of institutional money has entered Bitcoin following the spot Bitcoin ETF rally. He highlights the rampant fiat debasement, emphasizing Bitcoin's role as a top-performing asset in this climate. Belshe urges, "Your dollar is going down. My dollar is going down. Get off the dollar." He also discusses future demand for spot Bitcoin and spot Ether ETFs. Tune in for Belshe's insights on the evolving cryptocurrency landscape and strategic investment opportunities. Special coverage of Consensus is brought to you by Diamond Standard → https://bit.ly/DiamondStandardKitco

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00:00 Coming Up
00:46 Introduction: Bitcoin price
02:15 Spot Bitcoin ETFs
04:23 Institutional Demand
08:34 Macro & Bitcoin
14:50 Fed and Economic Outlook
19:05 Political Influence on Bitcoin and Ethereum ETFs
21:02 SEC’s Reversal
26:56 Ethereum
30:05 Staking vs. Non-Staking Ethereum
33:46 Celebrity Meme Coins
36:06 Crypto Regulation and Decentralization
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