The Chief Executive Officer of BitGo, a digital asset custodian, named Mike Belshe, has a positive outlook on the future of Bitcoin (
BTC
). Belshe predicts that Bitcoin could surge by as much as 94% in the next six months.

During a recent interview with Kitco News, Belshe shared his belief that Bitcoin’s price could reach between $125,000 and $135,000 by the end of this year. Currently, Bitcoin is trading at $69,470.

Belshe highlighted the high level of US national debt as a key factor that could propel Bitcoin to a six-figure price. He emphasized that the macroeconomic environment continues to support the idea that Bitcoin is becoming the digital equivalent of gold.

In addition to the US debt crisis, Belshe pointed out that the weaponization of the US dollar and the emergence of economic blocs creating alternative payment systems are bullish catalysts for Bitcoin. He noted that there is no strong alternative global reserve currency, with efforts like BRICS attempting to diminish the dominance of the dollar through alternative purchasing mechanisms.

Belshe expressed concerns about the US using sanctions to control foreign policy and the potential impact on the dollar. He highlighted how these factors, along with BRICS providing alternative payment systems, contribute to the narrative of Bitcoin’s existence as a hedge against the weakening dollar.

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