Video News/Consensus 2024

Fiat debasement on steroids is why Bitcoin exists, price to hit this new record by year-end: Mike Belshe

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Mike Belshe, CEO of BitGo, who says Bitcoin price will top this new record 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. Special coverage of Consensus is brought to you by Diamond Standard → https://bit.ly/DiamondStandardKitco.

Guests: Mike Belshe
Source: Kitco News
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