{"id":14183,"date":"2024-06-08T17:14:21","date_gmt":"2024-06-08T14:14:21","guid":{"rendered":"https:\/\/forklog.com\/en\/bitgo-ceo-predicts-bitcoin-to-reach-135000-by-year-end\/"},"modified":"2024-06-08T17:14:21","modified_gmt":"2024-06-08T14:14:21","slug":"bitgo-ceo-predicts-bitcoin-to-reach-135000-by-year-end","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitgo-ceo-predicts-bitcoin-to-reach-135000-by-year-end\/","title":{"rendered":"BitGo CEO Predicts Bitcoin to Reach $135,000 by Year-End"},"content":{"rendered":"<p>By the end of 2024, the leading cryptocurrency is expected to be valued between $125,000 and $135,000, according to Mike Belshe, CEO of crypto custodian BitGo, in an interview with Kitco News.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Bitcoin to Top $125k by Year-End, Only 5% Institutional Money Is In, 'Get Off the Dollar' \u2013 Belshe\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/8kma0QYOE1Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>He believes one of the catalysts for bitcoin&#8217;s growth will be the high level of U.S. government debt.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cOur macroeconomic climate continues to support the case for bitcoin. Without a doubt, U.S. government debt is out of control. [\u2026] This situation supports the idea that bitcoin is the gold of the new generation,\u201d Belshe stated.<\/cite><\/p><\/blockquote>\n<p>He also noted that the U.S. dollar is weakening as a global reserve currency due to U.S. foreign policy. The BitGo CEO believes the country uses the dollar as a weapon and a tool for manipulation.<\/p>\n<p>Belshe emphasized that he neither supports nor opposes sanctions, but the example with Russia demonstrates to others that the U.S. could do the same to them in the future.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThus, the U.S. government debt crisis is one, foreign policy and sanction control is two. And then <span data-descr=\"Brazil, Russia, India, China, and South Africa\" class=\"old_tooltip\">BRICS<\/span> provides alternative payment systems. [\u2026] This is the story of why bitcoin exists,\u201d he concluded.<\/cite><\/p><\/blockquote>\n<p>Earlier, analysts at Standard Chartered predicted bitcoin would reach $100,000 by November. They added that if Donald Trump wins the U.S. presidential election, digital gold could soar to $150,000 by year-end.<\/p>\n<p>Back in previous reports, former BitMEX CEO Arthur Hayes noted the changing macroeconomic backdrop and urged the purchase of the leading cryptocurrency.<\/p>\n<p>According to Bitfinex experts, during the current bull market, bitcoin will form a peak at some point in the fourth quarter of 2024. They also noted the potential for further growth remains.<\/p>\n<p>Robert Kiyosaki, author of the bestseller \u201cRich Dad, Poor Dad\u201d and entrepreneur, predicted the leading cryptocurrency to reach $300,000 by August 25.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By the end of 2024, the leading cryptocurrency is expected to be valued between $125,000 and $135,000, according to Mike Belshe, CEO of crypto custodian BitGo, in an interview with Kitco News. He believes one of the catalysts for bitcoin&#8217;s growth will be the high level of U.S. government debt. \u201cOur macroeconomic climate continues to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146],"class_list":["post-14183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14183"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14182"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}