Bitcoin Poised to Reach $135,000 by Year-End According to BitGo CEO Mike Belshe

  • Bitcoin’s future looks bright with predictions of significant price increases in the near term.
  • Various factors, including macroeconomic conditions and geopolitical events, are poised to impact Bitcoin’s trajectory.
  • Mike Belshe, CEO of BitGo, provides a notable perspective on why Bitcoin might reach six figures by the year’s end.

Discover the insights behind Bitcoin’s predicted rally – a detailed analysis of its potential to surge up to 94% and reach new heights.

Bitcoin’s Prospect of Reaching New All-Time Highs

According to Mike Belshe, CEO of the digital asset custodian BitGo, Bitcoin could potentially surge by up to 94% within the next six months. In an interview with Kitco News, Belshe suggests that Bitcoin may hit between $125,000 and $135,000 by the end of this year. As of now, Bitcoin is trading at $69,470.

Impact of US National Debt on Bitcoin

Belshe identifies the towering US national debt as a key catalyst for Bitcoin’s next significant price movement. He argues that the worsening debt situation continuously underpins the validity of Bitcoin as a financial asset. “The macro climate consistently reinforces the thesis for Bitcoin, eliminating any debate about the uncontrollable US debt,” Belshe explains.

Geopolitical Dynamics and Bitcoin’s Growing Appeal

Additionally, Belshe points to the weaponization of the US dollar and the emergence of economic blocs such as BRICS, which are developing their alternative payment infrastructures. These dynamics, according to Belshe, will further bolster Bitcoin’s appeal as a safe-haven asset. He explains that the US’s unilateral decisions involving sanctions have signaled to other nations the risks associated with overreliance on the dollar, thus enhancing Bitcoin’s proposition as a durable alternative.

The Global Economic Shift Towards Decentralized Assets

The incremental efforts of economic alliances trying to weaken the dollar’s dominance play a crucial role in Bitcoin’s narrative. Belshe points out that BRICS’ attempts to conduct transactions outside the dollar framework, although currently on a smaller scale, are likely to expand. This ongoing shift is gradually eating away at the dollar’s global stronghold, thereby highlighting Bitcoin as a viable alternative.


In summary, multiple elements from the US national debt crisis to changing global economic alliances seem to be converging in favor of Bitcoin. As these factors unfold, Bitcoin’s future appears increasingly promising, making it not just a speculative asset but a strategic component in global finance. Investors should keep a close eye on these developments as they could very well elevate Bitcoin to new historical heights.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News

Shiba Inu (SHIB) Burn Rate Soars by 2,682% Amid Modest Price Movement

Shiba Inu (SHIB), a popular Ethereum-based memecoin,...

RIZZ Coin Plummets 90% Live: Shocking Turn of Events in Crypto Market

The cryptocurrency market is once...

Pixels Chapter 2 Update: Exciting Enhancements in Ronin-Based Farming Game

The cryptocurrency and NFT gaming industry is...

Solana Faces Bearish Trend Despite Excitement Over QSOL ETF Application

Solana has experienced a sustained decline in...

PRO Analysis

Current Bitcoin Market Analysis: Key Insights on BTC Investor Trends and Miner Sales

Bitcoin continues to hover below the $66,000...

Ethereum’s (ETH) MVRV Surge Signals Potential Altcoin Market Rally: CryptoQuant Analysis

The Ethereum (ETH) on-chain metric points to...

Comprehensive Guide to MDX Coin: Features, Usage, and Price Analysis

MDEX platform operates across various blockchain networks...
Gideon Wolf
Gideon Wolf
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.

Shiba Inu (SHIB) Burn Rate Soars by 2,682% Amid Modest Price Movement

Shiba Inu (SHIB), a popular Ethereum-based memecoin, recently recorded a massive increase in its daily burn rate, which has caught significant attention...

Bitcoin Miners Face Capitulation Risks as Hash Rate Stagnates and Prices Decline

The Bitcoin mining community faces heightened scrutiny as speculation about miner capitulation increases amid rising operational costs and a declining...

RIZZ Coin Plummets 90% Live: Shocking Turn of Events in Crypto Market

The cryptocurrency market is once again in turmoil with an unprecedented event. The founder of the meme...