Kitco News, Released on 4/3/21
Bitcoin is now accepted as a form of payment via both PayPal and Visa. Frank Holmes, CEO of U.S. Global Investors said that this was the result of increased adoption.
“I think this adoption process is accelerating,” Holmes said. “Metcalfe’s law says that as adoption accelerates, you get these exponential moves in the underlying crypto.”
0:00 – Bitcoin as accepted form of payment
2:44 – Metcalfe’s Law
6:38 – Bitcoin as a form of payment
9:44 – Other cryptos as a form of payment
11:14 – Impact on price
13:15 – Measuring inflation
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.