Your Savings Account Is Funding Someone Else's Empire w/ BitGo CEO Mike Belshe | BMP 016 — Key Takeaways
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Your Savings Account Is Funding Someone Else's Empire w/ BitGo CEO Mike Belshe | BMP 016
Bitcoin Magazine52mJul 8, 2026
Watch the originalBanks pay depositors ~0% while the risk-free T-bill rate is 4%, effectively subsidizing large corporate borrowers at retail savers' expense — and stablecoins with mandatory yield (blocked by the GENIUS Act) would end this.
Key takeaways
This Dig holds 7 more insights, 4 flashcards, and 3 quotes — free in Homestake.
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In this video
- 1mIntro: Banks, Bitcoin & BitGo
- 1mBitcoin Treasury Volatility & Symposium Takeaways
- 7mQuantum Computing: The Hidden Institutional Blocker
- 10mStablecoin Adoption, the GENIUS Act & BitGo's Bank Charter
- 16mThe Battle Over Stablecoin Yield & Regulatory Capture
- 20mElizabeth Warren, Reserve Banks & the SVB Collapse
- 26mThe K-Shaped Economy: Who Banks Really Serve
- 30mA New Banking Model: Stablecoin Deposits & Lending Marketplaces
- 36mTokenized Equities: The SEC, DTCC & a $70 Trillion Opportunity
- 45mOpen vs Closed Networks: China, Sanctions & Bitcoin Sovereignty
“Stablecoins don't have that sovereignty that Bitcoin does.”
— Mike Belshe
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