{"id":164755,"date":"2023-09-29T01:43:52","date_gmt":"2023-09-28T20:13:52","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=164755"},"modified":"2023-09-29T01:43:52","modified_gmt":"2023-09-28T20:13:52","slug":"bitgo-ceo-warns-bitcoin-btc-could-one-day-be-replaced-by-something-materially-better-heres-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitgo-ceo-warns-bitcoin-btc-could-one-day-be-replaced-by-something-materially-better-heres-why-crypto-news\/","title":{"rendered":"BitGo CEO Warns Bitcoin (BTC) Could One Day Be Replaced by Something \u2018Materially Better\u2019 \u2013 Here\u2019s Why &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) will eventually be replaced as the top digital asset, according to Mike Belshe, the chief executive of crypto custodian BitGo.<\/p>\n<p>Belshe says in a new interview on<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=Tb6ji1AXafQ\"> Kitco News<\/a> that digital assets are \u201chere to stay,\u201d but he acknowledges that Bitcoin might not always be the flagship asset for the sector.<\/p>\n<p><em>\u201cBitcoin is the best form of money we\u2019ve ever had, but it doesn\u2019t mean that it\u2019s going to be the best form of money that we ever will have.\u201d<\/em><\/p>\n<p>Belshe compares BTC to Amazon. The CEO argues that it would be possible to build a \u201cmuch better\u201d version of Amazon, but he also notes that it would be very difficult to supplant the e-commerce giant because of its size and network effect.<\/p>\n<p><em>\u201cBitcoin could end up there, where the network effect carries the value and it makes it really hard to replace. All that means is you\u2019re not going to replace Bitcoin with something that\u2019s only a little bit better. It\u2019s going to have to be materially better in order to replace Bitcoin. And someday that\u2019ll come.\u201d\u00a0<\/em><\/p>\n<p>BTC is trading at $26,254 at time of writing. The top-ranked crypto asset by market cap is up 0.28% in the past 24 hours.<\/p>\n<p><iframe loading=\"lazy\" title=\"Bitcoin is the best form of money we&#039;ve ever had but it will be replaced, here&#039;s why \u2013 Mike Belshe\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/Tb6ji1AXafQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #ffffff\">I<\/span><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a rel=\"nofollow noopener\" target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) will eventually be replaced as the top digital asset, according to Mike Belshe, the chief executive of crypto custodian BitGo. Belshe says in a new interview on Kitco News that digital assets are \u201chere to stay,\u201d but he acknowledges that Bitcoin might not always be the flagship asset for the sector. \u201cBitcoin is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":164756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-164755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=164755"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164755\/revisions"}],"predecessor-version":[{"id":164758,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164755\/revisions\/164758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/164756"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=164755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=164755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=164755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}