LIVEThese Bitcoin investors are ‘not ready’ for 600% rise: BitGo Chief
Bitcoin can reach $80K, but now is not the time for “weak hands” in the market, BitGo Chief says.
BitGo Chief underscored renewed institutional interest in BTC.
Based on this and the halving event, BitGo CEO expects $80K by May.
A renewed institutional interest in Bitcoin [BTC] could drive more upside. According to BitGo Chief Mike Belshe, this interest is peaking and could offer another boost to the leading crypto asset.
In a recent interview with Bloomberg TV, the BitGo chief scolded weak hands who panicked during the recent retracement, saying,
“We’re at a very, very good time. There’s a saying if you’re not ready for my 20% drop, you’re certainly not ready for my 600% increases.”
Belshe believes a significant upside could be in play as various categories of institutions embark on capital allocation for Bitcoin.
“We’ve seen smaller hedge funds come in; larger hedge funds will come in. Pension funds are coming, and endowments are already here.”
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