Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

Jesse Pollak explains how Pectra Upgrade will overload the basic network

2025-05-19

The chance will increase to 83%, sec decision in June?

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»These Bitcoin Investors Are ‘Not Ready’ for a 600% Rise: BitGo Chief
Bitcoin

These Bitcoin Investors Are ‘Not Ready’ for a 600% Rise: BitGo Chief

2024-03-26No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BitGo Chief underlined the renewed institutional interest in BTC.
  • Based on this and the halving, BitGo’s CEO expects $80,000 by May.

A renewed institutional interest in Bitcoin [BTC] could drive more upwards. According to BitGo chief Mike Belshe, this interest is peaking and could give new impetus to the leading crypto asset.

In a recent interview with Bloomberg TV, the BitGo chief scolded weak hands that panicked during the recent retracement, saying:

“We are in a very, very good time. There’s a saying: If you’re not ready for my 20% drop, you’re definitely not ready for my 600% rise.

Belshe believes there could be significant upside if different categories of institutions start allocating capital to Bitcoin.

“We’ve seen smaller hedge funds come in; There will be bigger hedge funds. Pension funds are coming, and there are already capital investments.”

Will institutional demand for BTC ETF increase heading into summer?

Other institutions have been slow to adopt BTC ETFs. Most of the slow uptake has been attributed to due diligence and subsequent lengthy consultation with investment committees for approval.

Early February, Bloomberg reported that major companies like LPL Financial Holdings chose to conduct due diligence on the new BTC ETFs for three months.

Rob Pettman, vice president of asset management solutions for LPL, underscored the need for due diligence and stated;

“We just want to see how they work in the markets.”

The report acknowledged risks and stated that more than 250 ETFs, some of which include crypto products, would close in 2023.

Beshle also cited the lengthy process of going through investment committees before a company is allowed to tap into BTC ETFs.

See also  Paraguay cracks down on illegal Bitcoin mining - Impact on revenues

Most importantly, the BitGo chief noted that most companies will complete these processes by summer.

“So now that we have an ETF available, it takes some time to go through the investment committees. But I think we’re starting to see that run-up now throughout the summer. If it rhymes, you should see $80,000 in May.”

If true, a new round of institutional demand for BTC ETFs could drive more inflows into the crypto markets, prolonging the bull cycle even longer.

Previous: Will Pixelmon shake off the ‘worst NFT project ever’ tag?

Next: Ethereum ETF: Approval before ‘end of May’ or just ‘25% odds’?

Source link

Bitcoin BitGo Chief investors ready Rise
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Trader Predicts Corrections for Solana and Additional Ethereum Rival, Updates Outlook for One Dogecoin Competitor

2023-12-19

According to Glassnode co-founders, $100,000 Bitcoin is coming in – but there’s a catch

2024-08-16

Vitaminai and Jump.trade unite for advanced web3, AI & NFT integration

2025-02-25
Editors Picks

How To Buy Sell and Trade Tokens On The Arbitrum Network

2024-01-22

Google Play Store opens its doors to NFTs in a major policy shift

2023-07-12

BTC traders looking for profits can rely on the path of this price indicator

2023-10-05

Dormant coins are moving for the first time in years, what’s going on?

2024-06-04

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

All the reasons why the price of Bitcoin could be set for an explosive rally

Jesse Pollak explains how Pectra Upgrade will overload the basic network

The chance will increase to 83%, sec decision in June?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,889.02-0.70%
  • ethereumEthereum(ETH)$2,389.90-4.79%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.35-1.75%
  • binancecoinBNB(BNB)$639.55-0.96%
  • solanaSolana(SOL)$162.55-4.30%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.219027-1.23%
  • cardanoCardano(ADA)$0.72-4.31%
  • tronTRON(TRX)$0.263017-3.35%
  • suiSui(SUI)$3.72-3.10%
  • chainlinkChainlink(LINK)$15.13-3.38%
  • avalanche-2Avalanche(AVAX)$21.77-4.77%
  • stellarStellar(XLM)$0.282187-2.87%
  • hyperliquidHyperliquid(HYPE)$25.76-4.72%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.31%
  • hedera-hashgraphHedera(HBAR)$0.189784-1.94%
  • unus-sed-leoUNUS SED LEO(LEO)$8.59-0.92%
  • the-open-networkToncoin(TON)$3.06-1.84%
  • bitcoin-cashBitcoin Cash(BCH)$382.80-4.36%
  • litecoinLitecoin(LTC)$95.67-2.53%
  • polkadotPolkadot(DOT)$4.52-4.39%
  • moneroMonero(XMR)$344.040.71%
  • bitget-tokenBitget Token(BGB)$5.100.29%
  • pepePepe(PEPE)$0.0000130.05%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.74-2.88%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.77-3.05%
  • bittensorBittensor(TAO)$399.88-6.92%
  • nearNEAR Protocol(NEAR)$2.72-1.89%
  • aaveAave(AAVE)$217.12-4.41%
  • okbOKB(OKB)$52.23-1.47%
  • aptosAptos(APT)$4.95-4.71%
  • ondo-financeOndo(ONDO)$0.91-2.95%
  • kaspaKaspa(KAS)$0.105941-4.51%
  • internet-computerInternet Computer(ICP)$5.08-3.48%
  • ethereum-classicEthereum Classic(ETC)$17.72-3.74%
  • gatechain-tokenGateToken(GT)$21.42-0.97%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.82-1.23%
  • crypto-com-chainCronos(CRO)$0.095207-4.08%
  • mantleMantle(MNT)$0.73-0.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230939-2.42%
  • vechainVeChain(VET)$0.027483-3.21%
  • render-tokenRender(RENDER)$4.41-4.78%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.358731-5.93%
  • cosmosCosmos(ATOM)$4.76-0.71%
  • filecoinFilecoin(FIL)$2.78-2.69%
  • algorandAlgorand(ALGO)$0.215373-2.63%
  • bitcoinBitcoin(BTC)$102,889.02-0.70%
  • ethereumEthereum(ETH)$2,389.90-4.79%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.35-1.75%
  • binancecoinBNB(BNB)$639.55-0.96%
  • solanaSolana(SOL)$162.55-4.30%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.219027-1.23%
  • cardanoCardano(ADA)$0.72-4.31%
  • tronTRON(TRX)$0.263017-3.35%
  • suiSui(SUI)$3.72-3.10%
  • chainlinkChainlink(LINK)$15.13-3.38%
  • avalanche-2Avalanche(AVAX)$21.77-4.77%
  • stellarStellar(XLM)$0.282187-2.87%
  • hyperliquidHyperliquid(HYPE)$25.76-4.72%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.31%
  • hedera-hashgraphHedera(HBAR)$0.189784-1.94%
  • unus-sed-leoUNUS SED LEO(LEO)$8.59-0.92%
  • the-open-networkToncoin(TON)$3.06-1.84%
  • bitcoin-cashBitcoin Cash(BCH)$382.80-4.36%
  • litecoinLitecoin(LTC)$95.67-2.53%
  • polkadotPolkadot(DOT)$4.52-4.39%
  • moneroMonero(XMR)$344.040.71%
  • bitget-tokenBitget Token(BGB)$5.100.29%
  • pepePepe(PEPE)$0.0000130.05%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.74-2.88%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.77-3.05%
  • bittensorBittensor(TAO)$399.88-6.92%
  • nearNEAR Protocol(NEAR)$2.72-1.89%
  • aaveAave(AAVE)$217.12-4.41%
  • okbOKB(OKB)$52.23-1.47%
  • aptosAptos(APT)$4.95-4.71%
  • ondo-financeOndo(ONDO)$0.91-2.95%
  • kaspaKaspa(KAS)$0.105941-4.51%
  • internet-computerInternet Computer(ICP)$5.08-3.48%
  • ethereum-classicEthereum Classic(ETC)$17.72-3.74%
  • gatechain-tokenGateToken(GT)$21.42-0.97%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.82-1.23%
  • crypto-com-chainCronos(CRO)$0.095207-4.08%
  • mantleMantle(MNT)$0.73-0.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230939-2.42%
  • vechainVeChain(VET)$0.027483-3.21%
  • render-tokenRender(RENDER)$4.41-4.78%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.358731-5.93%
  • cosmosCosmos(ATOM)$4.76-0.71%
  • filecoinFilecoin(FIL)$2.78-2.69%
  • algorandAlgorand(ALGO)$0.215373-2.63%