BitGo: Is the Crypto Space Finally Ready for Institutions?

Published on
April 2nd, 2021
Duration
54 minutes

Decrypt Media: Are Regulations Driving Crypto to The Mainstream?


BitGo: Is the Crypto Space Finally Ready for Institutions?

The Interview - Crypto ·
Featuring Mike Belshe and Ash Bennington

Published on: April 2nd, 2021 • Duration: 54 minutes

Mike Belshe, co-founder and CEO of BitGo, joins Ash Bennington, Real Vision senior editor, to discuss the increasing institutional interest in crypto, API as a service, and the potential impacts of a Bitcoin ETF. Belshe explains that many institutions that were interested in entering the crypto space in 2017 decided not to due to regulatory and counterparty risks, but with improved regulatory clarity and better custodian security, they are now ready to enter. Belshe also talks about how BitGo’s services are available both in web form and in API form, enabling them to abstract away the differences between different blockchains. The BitGo API makes it so that whether you are trading Bitcoin, Ethereum or other digital assets, the API looks the same, relieving the pressure on institutions to focus on backend security over their product. Belshe believes that a Bitcoin ETF would help dampen the volatility of Bitcoin and enable more use cases for the asset class. Filmed on March 23, 2021.

Key Learnings: The crypto space has matured significantly since 2017 and is now ready for large institutions to enter. API services allow a type interoperability between blockchains, by abstracting away the differences to users. Bitcoin ETF may dampen volatility and spur on greater growth in the crypto ecosystem.