BitGo CEO: Currently, there are only three viable currencies in global trade: Bitcoin, gold, and the US dollar

ChainCatcher news, BitGo CEO Mike Belshe posted on the X platform that when the market mentions "monopoly abuse" in terms of currency, it refers to the sanctions control imposed by the United States. Tariffs are not monopoly abuse; all countries can use tariffs, while sanctions prevent trade between non-U.S. countries.

Currently, there are only three viable currencies in global trade: the U.S. dollar, gold, and Bitcoin. Due to the threat of sanctions, the U.S. dollar will become unviable, gold is difficult to cash in physically, and compared to that, Bitcoin is easier to understand. However, Bitcoin has not yet gained enough trust, so the market remains cautious.