WATCH: Gold bug Frank Holmes’ 2021 volatility ranges: $80K Bitcoin and $3K Et...
$80K Bitcoin and $3K Ethereum are within US Global Investors CEO Frank Holmes' volatility range for 2021. He also sees $400K Bitcoin on the cards after the next 3-4 years. Frank Holmes, CEO/CIO of US Global Investors, believes Bitcoin and Ethereum could reach $80,000 and $3,000 respectively in 2021. He also sees the possibility of Bitcoin dropping to $20,000 and Ethereum dropping to $500. This wide spread is derived from a philosophy he calls the DNA of volatility.DNA of volatilityAccording to Holmes, each asset class has its own DNA of volatility, or the typical percentage of price....
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The well known gold bug, CEO and chief investment officer at U.S. Global Investors, Frank Holmes recently sat down for an interview and discussed his price predictions in regard to the 2021 value of gold. Holmes also said that cryptocurrencies will continue to do well next year, as he believes increasing bitcoin adoption and decentralized finance (defi) will benefit the industry. A number of gold bugs like Peter Schiff are not too keen about bitcoin and cryptocurrencies. Then there are other well known precious metals proponents who have warmed up to digital assets like bitcoin. For....
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Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
Vaultoro, a Bitcoin gold exchange, continues to build out its platform, now allowing users to instantly buy gold with bitcoin via a standard deposit. This service, called “Instant Order,” is meant to further the company’s mission to deliver a great user experience. Users can now tell the exchange to watch all the addresses that belong to an account (including addresses generated in the past), and place a buy order if any new bitcoins are deposited. Other exchanges have historically used similar features to offer users a way out of the volatility of altcoins by converting them to bitcoin.....
In this morning's bitcoin price watch piece, we focused on the volatility we had seen throughout the Asian session last night. We noted that we would trade the range formed in the bitcoin price initially, but do so in anticipation of a larger, more pronounced move a little later on this evening. Action has now matured throughout the day, and as we head into the close of the European session, what are we looking to trade, and where will we define our risk in the event that we get our anticipated volatility? Take a quick look at the chart. As the chart above illustrates, the levels we are....