BitGo CEO Predicts Slower Crypto Bull Run, Sees 2027 Market Bottom

The cryptocurrency market is expected to see a slower and less volatile bull run in the future, according to BitGo CEO Mike Belshe. This comes as Bitcoin has been trading below its all-time high of around $126,000 for nearly 278 days.

Belshe attributes this shift to the growing interest in real blockchain use cases with long-term value, rather than just chasing quick profits. The stablecoin market is a prime example, having grown to a record $322 billion and processing nearly $76 billion in transactions every weekend.

Institutional investors are now focusing on building long-term financial infrastructure, with Citi projecting that the number of stablecoins will hit $4 trillion by 2030. BitGo's custody business is seeing record demand from registered investment advisers (RIAs) and institutional investors, indicating that Bitcoin is slowly becoming a long-term reserve asset.

Crypto investor Mark Chadwick notes that this pattern may repeat itself, with the next bull run beginning in 2027 after an accumulation phase. This would follow a bear market that continues through 2026, with Bitcoin finding a major bottom later that year.