Mike Belshe, the CEO of BitGo, announced that positive developments in the cryptocurrency market are anticipated starting in 2024, with trends expected to persist until 2025. He noted that the newly established administration in Washington D.C. has not yet fully reflected its cryptocurrency-friendly policies in the market, but he believes these regulations will create a more significant impact in the future.
The New Administration’s Crypto Policies Will Support the Market
Belshe emphasized that the new administration’s cryptocurrency-friendly measures could positively influence the markets. However, he expressed that these regulations have not been entirely priced in just yet.
He argued that previous regulations aimed at harming the cryptocurrency sector could change with the new rules. The CEO believes these developments will help the cryptocurrency sector achieve a more robust structure.
Corporate Investments in Bitcoin Will Increase
Belshe pointed out that large companies possess significant cash reserves, which have been losing value against inflation. He highlighted that Bitcoin 
$93,631 presents a good option for companies looking to improve their cash management. BitGo is reportedly in discussions with corporate entities about utilizing Bitcoin for treasury management.
Reminding that Bitcoin is currently trading at $94,912, Belshe stated that BitGo’s strategy largely relies on the anticipated increase in corporate investments. This influx of investment is expected to foster substantial growth potential in the cryptocurrency market by 2025.
Belshe predicts that Bitcoin will continue to play a more effective role in the financial system, particularly driven by the growing interest of institutional investors.
