Bitcoin Price Headed to $1 Million and Ethereum $100,000, No Doubt Says Frank Holmes

Stansberry Research, Released on 11/17/21

Ethereum has more uses than Bitcoin or gold with many more applications currently being used, this according to Frank Holmes, CEO of U.S. Global Investors and Chairman of HIVE Blockchain Technologies.

“Bitcoin and gold bugs reap from the same old testament of history, of money printing,” he explains to our Daniela Cambone. “Bitcoin is on its own trajectory,” Holmes says, “and we continue to mine Ethereum, but we are really expanding our bitcoin footprint at HIVE Blockchain.”

He discusses the implications of Bitcoin’s 21 million coin cap, and believes the rising value in blockchain and cryptocurrencies will follow Metcalfe’s Law due to the nature of split investments.

“Every time there’s an attack on Bitcoin, Etheruem by governments is because they’re too slow,” Holmes points out, as nations work towards centralized digital currencies. “I believe the most advanced, really, is China,” he concludes.

Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.

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