WATCH: BitGo CEO Mike Belshe: Who Your Bank is Really Working For @BitGo CEO @mikebelshe joins @DeSpencer_ to discuss how cryptoeconomics is disrupting the banking cartel, the outlook for Clarity, and why the 0% deposit interest model of traditional banking may become a relic of

What happened

WATCH: BitGo CEO Mike Belshe: Who Your Bank is Really Working For @BitGo CEO @mikebelshe joins @DeSpencer_ to discuss how cryptoeconomics is disrupting the banking cartel, the outlook for Clarity, and why the 0% deposit interest model of traditional banking may become a relic of

Confirmed

Global impact / market context

The CEO says crypto finance could force banks to change their zero‑interest deposit model, which may push traditional banks to offer higher yields or adopt crypto services to keep customers.

Analyst inference

Banks are currently paying little to no interest on deposits, while crypto platforms are offering yield‑generating products. This tension is prompting discussions about how digital assets could reshape banking revenue streams.

Analyst inference

What to watch

1. If banks start partnering with crypto custodians like BitGo, they may earn fees from crypto custody, potentially boosting their non‑interest income. Proposed
2. Regulators could tighten rules on crypto‑linked banking services, which would affect how quickly traditional banks can adopt crypto products. Analyst inference
3. Investor demand for higher‑yield deposit alternatives may rise, pressuring banks to raise deposit rates or launch crypto‑based savings accounts. Analyst inference

Evidence

• x.com