Crypto firms need to go public to ‘address Wall Street’ — BitGo CEO
Mike Belsche, the CEO of BitGo, one of the leading crypto custody firms, has recently hinted at the possibility of taking the company public. In an interview, Belsche shared his thoughts on the potential benefits of a public offering and how it could help to build trust in the world of digital assets.
BitGo, founded in 2013, has become a trusted name in the crypto industry, providing secure storage solutions for various digital assets. With the increasing adoption of cryptocurrencies, the demand for reliable custody services has also grown. And BitGo has been at the forefront, catering to the needs of institutional investors and high-net-worth individuals.
In the past, BitGo has raised significant funding from top investors, including Goldman Sachs and Redpoint Ventures. However, Belsche believes that going public could be the next big step for the company. He stated, “We’re definitely looking at the public markets as a potential option for us. It’s something that we’re actively considering.”
Going public would not only provide BitGo with a significant influx of capital but also increase its visibility and credibility in the market. Belsche believes that a public offering would help to “deliver trust in digital assets” and further legitimize the crypto industry.
BitGo’s potential public offering comes at a time when the crypto market is experiencing a surge in interest from traditional investors and institutions. With more and more companies and individuals looking to invest in digital assets, the need for secure and reliable custody solutions has never been greater.
Belsche’s comments have sparked excitement and speculation in the crypto community, with many eagerly waiting to see if BitGo will indeed go public. If it does, it could be a significant milestone not just for the company but for the entire crypto industry, further solidifying its position as a legitimate and trustworthy asset class.
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