Gold bug says 2021 will be a big year for Bitcoin and Ethereum
He believes that rising adoption will drive Bitcoin higher next year, and that DeFi will have a similar effect on Ethereum. 2021 is shaping up to be a tremendous year not only for gold but for cryptocurrencies as well, according to Frank Holmes, CEO of U.S. Global Advisors. In a Monday interview with Kitco News, Holmes said he expects digital assets such as Bitcoin (BTC) and Ethereum (ETH) to perform exceptionally well alongside gold. He believes that these digital assets are enjoying higher adoption because of their underlying value drivers. Regarding Bitcoin, Holmes felt that more people....
Related News
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....
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015. Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor.Gold’s performance was “disappointing” in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box interview on Friday.On the other hand, BTC has been increasingly emerging as an inflation hedge among younger investors, Siegel argued:“Let’s face the fact, I think Bitcoin as an inflation hedge in the....
2020 was the year of the digital gold narrative amid a pandemic and unprecedented money printing. In 2021, only Bitcoin matters and comparing it to gold at this point is selling the coin short. Now is the age of cryptocurrency, and no comparison shows that better than the two charts you are about to see […]
Ethereum and Gold, may not be comparable with each other, but they can definitely work well together. Ethereum has been performing really well as a cryptocurrency in the past few months. The number of trading platforms offering Ethereum as an option is increasing due to increased demand among the traders. The volatility associated with Ethereum has been one of the major factors driving the cryptocurrency’s demand. But, what is more interesting is the fact that Ethereum is not a digital currency like Bitcoin or Litecoin or even Dogecoin. The whole purpose behind Ethereum is completely....
Shark Tank star Kevin O’Leary stated that “Crypto for the first time is more than gold for me” and doesn’t see a situation where crypto “goes away” as a result of regulation. Entrepreneur and Shark Tank star Kevin O’Leary, also known as Mr. Wonderful. has revealed he now holds more crypto than gold.During an interview hosted by Daniela Cambone from Stansberry Research, O’Leary stated that his investment portfolio has a larger exposure to crypto than gold, however, he still advocates for holding both as they are “two different asset classes” and that comparisons between gold and Bitcoin are....