Bitcoin to Top $125k by Year-End, Only 5% Institutional Money Is In, 'Get Off the Dollar' Belshe

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Mike Belshe, CEO of BitGo, who says Bitcoin price will top $125,000 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* → #Bitcoin #ETFs #crypto Follow Michelle Makori on X: @MichelleMakori () Follow Kitco News on X: @KitcoNewsNOW () Follow Mike Belshe on X: @mikebelshe () 00:00 Coming Up 00:46 Introduction: Bitcoin price 02:15 Spot Bitcoin ETFs 04:23 Institutional Demand 08:34 Macro & Bitcoin 14:50 Fed and Economic Outlook 19:05 Political Influence on Bitcoin and Ethereum ETFs 21:02 SEC’s Reversal 26:56 Ethereum 30:05 Staking vs. Non-Staking Ethereum 33:46 Celebrity Meme Coins 36:06 Crypto Regulation and Decentralization __________________________________________________________________ Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news. SUBSCRIBE to our channel to stay up to date on the latest market and industry news. For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at To get market updates on the go, download the Kitco Gold Live! APP - Stay connected: Twitter - Instagram - Facebook - LinkedIn - StockTwits - Live gold price and chart: Live silver price and chart: Live crypto market data: Learn more about Kitco News: For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.