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Mike Belshe, CEO of BitGo, forecasts a significant rise in Bitcoin’s value, predicting it could surge by 94% to reach between $125,000 and $135,000 by year’s end. In a recent interview, Belshe highlighted the unsustainable US national debt as a key driver for Bitcoin’s appeal, suggesting the cryptocurrency is solidifying its status as a modern alternative to gold.
Further strengthening Bitcoin’s position are global shifts towards alternative payment systems, particularly by BRICS nations, and the ongoing geopolitical use of the US dollar. Belshe critiques the US’s leverage of dollar-based sanctions and its implications for global economic relations, positing Bitcoin as a viable contender against traditional reserve currencies.
As international dynamics evolve and concerns over US fiscal policies mount, Bitcoin appears increasingly viable. Belshe’s insights suggest a growing consensus on Bitcoin’s role in a diversifying global economy, positioning it as a hedge against traditional economic uncertainties.
