"They're funding institutional businesses with lower interest rates by stealing from retail and they don't want you to know this." BitGo CEO Mike Belshe criticizes the traditional banking system in this episode of the Bitcoin Magazine Podcast. He explains why depositors earn 0% while the risk-free rate sits near 4%, how bank failures like SVB keep happening, and why stablecoins and reserve banks offer a safer path forward. Plus: his response to Elizabeth Warren's attack on OCC trust charters.

🔶 Host: Spencer Nichols — Bitcoin Magazine

🔶 Mike Belshe — CEO, CTO & Co-Founder of BitGo

Chapters:

01:22 Bitcoin Treasury Volatility & Symposium Takeaways

07:29 Quantum Computing: The Hidden Institutional Blocker

10:12 Stablecoin Adoption, the GENIUS Act & BitGo's Bank Charter

16:24 The Battle Over Stablecoin Yield & Regulatory Capture

20:20 Elizabeth Warren, Reserve Banks & the SVB Collapse

25:38 The K-Shaped Economy: Who Banks Really Serve

29:55 A New Banking Model: Stablecoin Deposits & Lending Marketplaces

35:47 Tokenized Equities: The SEC, DTCC & a $70 Trillion Opportunity

45:05 Open vs Closed Networks: China, Sanctions & Bitcoin Sovereignty

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