The CEO of BitGo, a digital asset custodian, named Mike Belshe, has a positive outlook on Bitcoin (
BTC
) and predicts a potential surge of up to 94% in the next six months.
In a recent interview with Kitco News, Belshe stated that he believes Bitcoin could reach a value of “around $125,000 to $135,000″ by the end of the year. Currently, Bitcoin is trading at $69,470.
Belshe attributes the potential rise in Bitcoin’s value to various factors, including the high level of US national debt. He emphasized the macroeconomic environment that supports Bitcoin’s status as a digital gold alternative.
The CEO also highlighted the weaponization of the US dollar and the development of alternative payment systems by economic blocs as bullish indicators for Bitcoin. He pointed out that there is no strong alternative global reserve currency, with efforts from BRICS countries to reduce reliance on the dollar through increased non-dollar transactions.
Belshe expressed concerns about US foreign policy and sanctions controls, noting that they could impact the dollar’s dominance. He emphasized the importance of these factors in driving the narrative behind Bitcoin’s existence.
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Please note that the opinions expressed in this article are not investment advice. Investors should conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. All transfers and trades are at the individual’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not an investment advisor. The Daily Hodl may engage in affiliate marketing.