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Reading: Mike Belshe Predicts Positive Trends in Cryptocurrency Market for 2024
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COINTURK NEWS > Bitcoin (BTC) > Mike Belshe Predicts Positive Trends in Cryptocurrency Market for 2024
Bitcoin (BTC)

Mike Belshe Predicts Positive Trends in Cryptocurrency Market for 2024

In Brief

  • Mike Belshe forecasts a positive cryptocurrency market outlook starting in 2024.

  • New regulations are expected to support market stability and growth.

  • Corporate interest in Bitcoin is likely to increase significantly by 2025.

Ömer Ergin
Ömer Ergin 6 months ago
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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.

Contents
The New Administration’s Crypto Policies Will Support the MarketCorporate Investments in Bitcoin Will Increase

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 $104,726 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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 29 December, 2024 - 7:14 pm 29 December, 2024 - 7:14 pm
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