Onramp Bitcoin Media BitGo's $2.1B IPO & Silver's Surge: The Sound Money Reset Is Just Starting
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Jan 27, 2026 They unpack BitGo's big public debut and what custody, trust charters, and monetization mean for digital-asset infrastructure. They compare silver’s rally to Bitcoin’s sound-money thesis and debate liquidity differences between physical metals and crypto. Conversation also covers industry hiring, quiet build cycles, M&A trends, and how incumbents and neobanks are racing to offer crypto services.
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Silver As An Alt To Gold
- Silver's recent rally reflects a flight to sound money driven by a perception the dollar is breaking.
- Brian frames silver as a kind of altcoin to gold that benefits from the same sound-money rotation.
Quiet Building Produces Future Multiples
- Quiet bear-market years let teams build infrastructure and capture outsized long-term returns.
- Michael says builders get paid for being right when adoption eventually accelerates.
BitGo Highlights Infrastructure vs. Distribution
- BitGo's IPO showcases a pure-play digital-asset infrastructure business with custody scale and a trust charter.
- The key unknown is whether infrastructure margins or owning client relationships will capture most value.