BitGo CEO: The next crypto bull market may come later, with lower volatility

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BitGo co-founder and CEO Mike Belshe said in a post that the next round of the crypto bull market will progress more slowly than the previous cycle and will also have lower volatility. This is not a warning, but rather a sign that crypto asset classes are gradually maturing. He said capital is shifting toward real-world applications, with the stablecoin supply just hitting a new high of $322 billion, surpassing the foreign exchange reserve sizes of more than 95 countries. Citigroup expects this figure to reach $4 trillion by 2030. Tokenization is also developing along the same path—this is infrastructure building rather than speculation. From the custody business perspective, even though BTC has fallen from its peak, RIA (registered investment advisers) and institutions’ participation in Bitcoin is still at a historical high. Belshe said retail chases prices, institutions build positions, and “smart money” is quietly moving; slowing growth does not mean weakness. Instead, Bitcoin is shifting from a speculative tool to a reserve asset, and as the holder base matures, its volatility premium will narrow.
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LatencyLullaby
· 3h ago
Lower volatility means option sellers have a hard time—market structure is really changing.
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LittleBearWatchingTheMarket
· 8h ago
From $322 billion to $4 trillion is a pretty big jump, but stablecoins really have become a necessity.
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CandleWickPoet
· 8h ago
Institutions quietly accumulate, while retail investors are still waiting for signals—a classic script.
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DrawTheCandlestickChartIn
· 8h ago
A slow bull market is pretty good—at least you don’t have to stare at the charts in the middle of the night.
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