Bitcoin to Top $125k by Year-End, Only 5% Institutional Money Is In, 'Get Off the Dollar' – Belshe

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Mike Belshe, CEO of BitGo, who says Bitcoin price will top $125,000 by year-end. Belshe estimates that even after the spot Bitcoin ETF rally, only 5% of institutional money is in Bitcoin. He points out that we are seeing fiat debasement on steroids, which is why Bitcoin exists and will continue to be the top-performing asset. Belshe speaks to Kitco News on the sidelines of Consensus 2024 in Austin, Texas. "Your dollar is going down. My dollar is going down. Get off the dollar," he says. Belshe also discusses future demand for both spot Bitcoin and spot Ether ETFs.
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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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