The David Lin Report

Bitcoin Decoupling From Stocks? What's Next In Coming Storm | Mike Belshe @BonnieBlockchain ​

Apr 30, 2025
In this discussion, Mike Belshe, CEO of BitGo, sheds light on Bitcoin's potential as a safe haven asset amidst global economic uncertainties. He shares insights from the recent White House Crypto Summit, emphasizing cooperation in the industry. Belshe also highlights the critical issues surrounding cryptocurrency wallet security, comparing hot and cold storage solutions. Additionally, he discusses the necessity of robust security measures for retail investors, introducing how BitGo provides institutional-level protections.
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INSIGHT

Bitcoin's Long-Term Outperformance

  • Bitcoin remains the best performing asset across 1, 5, and 10 year periods despite its volatility.
  • Its volatility is expected given Bitcoin's relatively small market size compared to traditional assets.
ANECDOTE

White House Crypto Summit Experience

  • Mike Belshe attended the White House Crypto Summit and experienced the new administration's openness to crypto innovation.
  • The summit marked a shift from regulation through enforcement to fostering innovation in digital assets.
ADVICE

Improve Crypto Security Models

  • Digital asset security must improve to prevent major hacks like Bybit's.
  • Employ no-compromise security models like multi-signature and multi-party computation with strict policy controls.
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