BitGo CEO Mike Belshe has again emphasized Bitcoin's scarcity as its defining characteristic, particularly in contrast to inflationary trends in fiat currencies. In a recent interview, Belshe noted that unlike gold, where mining increases with price, Bitcoin's supply is capped, making it a "better form of gold". This scarcity, combined with increasing institutional access via ETFs, is expected to drive further investment into Bitcoin.
Belshe's comments come at a time when institutional interest in cryptocurrencies is growing. The introduction of Bitcoin ETFs has allowed institutional participants, including pension funds, to consider Bitcoin within their existing portfolios. This accessibility is reshaping how these institutions allocate their assets.
BitGo, as a crypto-native firm, sees itself as providing foundational infrastructure for the entire crypto ecosystem. Belshe argues that crypto-native firms have a structural advantage over traditional banks in custody. BitGo went public on the NYSE on January 22, 2026, under the ticker BTGO. Over 80% of BitGo's revenue comes from custody and staking fees, providing stable income amidst market volatility. As of September 30, 2025, BitGo held $104 billion in digital assets under custody, serving over 4,900 institutional clients across more than 50 countries.
Belshe also highlighted the potential of digital currencies in emerging technologies like AI, suggesting that AI will utilize digital currencies for various applications. He also noted the excitement from traditional finance regarding tokenized equities and assets.
