The BRICS are fleeing the dollar, the US is imposing sanctions to save it, and Bitcoin may be the solution to everything

Mike Belsch, CEO of digital asset custodian BitGo, expects that over the next six months, Bitcoin (BTC) could grow by as much as 94%.

In a recent interview with Kitco News, Belshe predicted that by the end of the year, the price of Bitcoin could reach a range of $125,000 to $135,000.

Belshe attributes one of the main factors in Bitcoin's six-figure price is the substantial US national debt.

"Continued macroeconomic conditions continue to support the Bitcoin case. America's unmanageable debt is no longer up for debatehe stated.

Belsche also pointed out that the use of the US dollar as a weapon and the development of economic blocs creating alternative payment systems are additional bullish factors for Bitcoin.

He stated:

There is currently no strong alternative global reserve currency. The BRICS countries are chipping away at the dominance of the dollar by increasing non-dollar transactions, which, although currently on a small scale, are expected to grow. The US uses sanctions to maintain its grip on the dollar. Every time the US exercises this power, it signals to every holder of the dollar that it could be next. This was especially clear with the sanctions against Russia.

So the US debt problem, foreign policy and sanctions controls, and the offering of alternative payment systems by the BRICS are all factors reducing the dominance of the dollar. This is the basic narrative of Bitcoin's existence.