Chainlink Co-Founder Says BitGo's Bitcoin Move Proves the Network's Worth
Aug 5, 2026
Chainlink co-founder Sergey Nazarov says BitGo's $7.4 billion Bitcoin move shows why the network keeps winning trust from big players.
Chainlink just got another shoutout, and this time it's coming straight from co-founder Sergey Nazarov.
He pointed to BitGo's recent move of $7.4 billion worth of wrapped Bitcoin as proof that the network's oracle tech is becoming the go-to choice for big players in crypto. According to Nazarov, it all comes down to three things: security, reliability, and connectivity.
Why This Matters
Oracles are the bridge between blockchains and the real world. Without them, smart contracts can't get accurate price feeds or move assets safely between chains. When a custodian as big as BitGo trusts Chainlink to handle billions in Bitcoin, it sends a pretty loud signal to the rest of the market.
Chainlink has been quietly becoming the backbone for a lot of DeFi and tokenization projects. This latest mention just adds more weight to that story.
Bottom line: as more institutions move real value on-chain, the infrastructure connecting it all keeps getting more important, and Chainlink seems to be right in the middle of it.