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Mike Belshe, CEO of Bitgo, a cryptocurrency services provider, has highlighted the growing interest among companies in adopting bitcoin as part of their reserve portfolios. Belshe remarked that the shift to a more favorable administration and the existence of ETFs have driven this change.
Bitgo CEO Remarks on Change of Stance Regarding Bitcoin in the Corporate World
More and more companies are considering including bitcoin in their investment portfolios. Mike Belshe, CEO of Bitgo, a leading cryptocurrency custody provider, has recently predicted that the corporate world will increasingly adopt bitcoin as a hedge against the failure of the U.S. in its battle against inflation.
When asked if he believed more companies would continue to add bitcoin to their balance sheets in 2025 during an interview with CNBC, Belshe stated:
It is absolutely going to happen. We’re talking with multiple clients right now about doing that. It’s been a conversation for the last couple of years.
Belshe explained that the recent regulatory shift and the existence of bitcoin exchange-traded funds (ETFs) made this process easier for companies trying to dive into the bitcoin world.
He stated that hundreds of billions of dollars are available on the balance sheets of large companies, and even if only a portion of this flows into bitcoin, it would be a significant success for the industry. For Belshe, holding bitcoin would serve as a hedge against inflation for these large market-cap companies. “It just makes sense,” he stressed.
He also highlighted the changes the new Trump administration is expected to bring to the crypto industry. “Before, we had a regulatory environment that did not want to help you, we had a regulatory environment that was actively trying to kill you.” Belshe expects bitcoin prices to keep making “good gains” next year.
While a handful of companies have recently adopted a strategic bitcoin reserve strategy, the wider corporate world has still not embraced bitcoin as a reliable reserve asset. Microsoft, one of the largest tech companies, recently rejected a proposal to do so, deciding to keep its current investment strategy.
Read more: Microsoft Votes No on Bitcoin Reserves: Michael Saylor’s Pitch Fails to Convince