BitGo CEO Mike Belshe announced that there will be positive developments in the cryptocurrency market by 2024 and that he expects this trend to continue until 2025. Stating that the cryptocurrency-friendly policies of the new administration in Washington DC have not yet been fully reflected in the market, Belshe said that these regulations will have more impact in the future.
Crypto Policies of the New Administration Will Support the Market
Belshe emphasized that the new administration’s cryptocurrency-friendly steps could positively affect the markets. However, he stated that the regulations are not yet fully priced.
He stated that old regulations aimed to harm the cryptocurrency industry and that this situation may change with new regulations. The CEO thinks that these developments will contribute to a more solid structure of the cryptocurrency industry.
Bitcoin Investments of Corporate Companies Will Increase
Belshe stated that large companies have high cash reserves and that these cash loses value against inflation. At this point Bitcoin $95,058.7He pointed out that is a good option for companies to improve their cash management. He stated that BitGo is negotiating with corporate companies to use Bitcoin in treasury management. He also stated that Bitcoin could be a hedging tool in controlling the increase in spending in America.
Recalling that Bitcoin is currently traded at $94,912, the CEO said that BitGo’s strategy is largely based on increasing institutional investments. This increase in investment carries strong growth potential in the cryptocurrency market through 2025.
Belshe predicts that Bitcoin will continue to play a more active role in the financial system, and this will be accelerated especially by the interest of institutional investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
