BitGo’s CEO, Mike Belshe, is optimistic about the future of Bitcoin (
BTC
), predicting a potential surge of up to 94% in the next six months. In a recent interview with Kitco News, Belshe forecasts that Bitcoin could reach anywhere between $125,000 to $135,000 by the end of the year. Currently, Bitcoin is trading at $69,470.

Belshe points to the high level of US national debt as a key factor that could drive Bitcoin’s price into six-figure territory. He emphasizes that the macroeconomic landscape continues to support the idea of Bitcoin as a digital gold, with the US debt crisis playing a significant role.

Furthermore, Belshe highlights the weaponization of the US dollar and the rise of economic blocs establishing alternative payment systems as additional catalysts for Bitcoin’s bullish momentum. Despite attempts by countries like BRICS to diminish the dominance of the dollar, there is still no strong alternative global reserve currency. This, coupled with US foreign policy and sanctions controls, is expected to further erode the dollar’s strength, creating a narrative for Bitcoin’s relevance.

As the narrative surrounding Bitcoin evolves, Belshe underscores the importance of staying informed and proactive in the cryptocurrency market. Investors are advised to conduct thorough research before engaging in high-risk investments involving Bitcoin or other digital assets. It’s crucial to understand that all transfers and trades carry inherent risks, and any resulting losses are the responsibility of the individual. The Daily Hodl does not provide investment advice and encourages readers to exercise caution in their financial decisions.