Dec 28, 09:10 PM

Bitcoin Soared in 2024 Amid U.S. Bitcoin Act and Corporate Adoption Efforts, Says CEO Mike Belshe

In 2024, Bitcoin experienced substantial growth, spurred by increased adoption and favorable regulatory developments. BitGo CEO Mike Belshe highlighted the cryptocurrency's potential as a hedge against rising monetary supply, stating, "If we're gonna continue to see monetary supply go up, Bitcoin is the perfect hedge against that." The year also saw the introduction of the U.S. Bitcoin Act, which aims to establish a strategic Bitcoin reserve under the Trump administration, alongside Europe's Markets in Crypto-Assets (MiCA) regulation. Belshe noted that BitGo is currently in discussions with multiple corporate clients regarding the integration of Bitcoin into their balance sheets, indicating a growing trend among companies to embrace cryptocurrency as part of their financial strategy. The outlook for 2025 remains optimistic, with expectations for further advancements in the crypto landscape driven by a supportive regulatory environment.

#Bitcoin #BitGo #Mike Belshe #Trump #Belshe

Written with ChatGPT (GPT-4o mini).

Bitcoin Soared in 2024 Amid U.S. Bitcoin Act and Corporate Adoption Efforts, Says CEO Mike Belshe

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