The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’
BitGo's CEO Mike Belshe defended a recent partnership with BiT Global involving wrapped bitcoin, that has been criticized by some for its proximity to Tron founder Justin Sun.
“They’ve even said publicly that if they had all of Wrapped Bitcoin’s market share, their token's value would be 35 times higher. I understand that they want their token to go up, but we’re facing attacks from every tBTC holder who wants to see that happen,” Belshe said. “Let’s be intellectually honest here: criticizing our efforts to decentralize Wrapped Bitcoin just to boost their token’s value is beyond ridiculous.
"We are a fiduciary today, and it’s our duty to ensure that the assets are protected, regardless of where they are held," he said.
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