How crypto's lending market can overcome its confidence crisis
Quick Take
- BitGo CEO Mike Belshe explains how the 2022 crypto meltdown revealed the market’s immaturity, and what it will take to restore the confidence of lenders.
Episode 63 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and BitGo co-founder & CEO Mike Belshe.
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Mike Belshe is the co-founder and CEO of BitGo — a leading digital asset custody and security platform.
In this episode, Belshe shares his thoughts on last year's collapse of the crypto credit market and explains what it will take to restore confidence in the sector.
Outline:
0:52 - Market musings
3:12 - Crypto conspiracies
5:54 - Business at BitGo
8:39 - Crypto prime brokerage
14:24 - Lending market cooldown
15:55 - Crypto’s opaque transparency
21:22 - Crypto market recovery
32:47 - BitGo x Galaxy Digital
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