BitGo CEO Mike Belshe says dollar debasement will be the real tailwind beneath Bitcoin’s rise
People that have been in Bitcoin for a long time got into this for a pretty long-term view. And the fundamentals of Bitcoin have never been stronger, regardless of where the price may be today. What we’re looking at with the US debt, with the bond market, globally what’s happening, it’s kind of inevitable that Bitcoin’s going to go up in price. Not so much because Bitcoin has to do anything, but because the dollar continues to slide downward. And it doesn’t really matter which politicians are in charge, none of them have the strength or the power to change the direction. Two things happen at once. The dollar goes down, which causes the price to go up by itself. More people learn about Bitcoin, start deploying it, start utilizing it. Those things are both happening, just like they have been for a long time, and the beat goes on.
#Bitcoin #Debasement #Macro #Markets #Crypto
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