How the Company Securing $100B in Bitcoin Protects It | Bitcoin for Corporations Ep. 12

In this episode of Bitcoin for Corporations, host Pierre Rochard is joined by Mike Belshe, CEO of BitGo. Mike shares his journey from Netscape and Google to pioneering Bitcoin custody solutions. They discuss the evolution of multi-sig, fiduciary duty, cold storage, and how institutions protect billions in Bitcoin. Belshe explains why proof of reserves and market structure matter for Bitcoin’s future. This is a must-watch for anyone serious about Bitcoin security.

🔶 Connect with Pierre Rochard on X: https://x.com/BitcoinPierre
🔶 Connect with Mike Belshe on X: https://x.com/mikebelshe

00:00 - Introduction and Context on Bitcoin Custody
01:56 - Mike Belshie's Background and Early Bitcoin Experience
06:09 - Discovery of Multisig and Founding BitGo
09:00 - Entrepreneurial Drive and Early Development of BitGo
10:49 - BitGo's Growth and Custody Philosophy
13:15 - The Importance of Custody for Businesses and Institutions
15:21 - Key Custody Criteria and BitGo's Differentiators
16:55 - BitGo's Cold Storage and Security Measures
19:23 - Operational Controls and Industry Examples of Failures
21:17 - Insurance, Risk Management, and Wallet Segmentation
23:01 - Multisig vs MPC and Security Protocols
24:46 - Importance of Two-of-Three Multisig and Custody Quorum Decisions
26:59 - Public vs Private Company Custody Requirements
29:17 - Qualified Custodian Definition and BitGo's Global Custody Network
32:18 - Multi-Jurisdictional Custody Benefits and Regulatory Alignment
33:40 - BitGo's Custody Services Beyond Storage: Staking and Settlement
36:45 - Fiat Custody and Regional Banking Integration
38:19 - Transparency, Proof of Reserves, and Market Structure Needs
41:26 - Future of Banking and Lending in Digital Assets
42:29 - Lessons from Past Lending Crises and Current Market Outlook
44:54 - Nation State Bitcoin Custody and Government Challenges
48:33 - Big Tech and Bitcoin Adoption Challenges
52:40 - Innovation Barriers and Political Considerations in Tech Adoption
53:31 - Closing Remarks and Future Outlook on Bitcoin Innovation

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, Bitcoin for Corporations, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

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