Frank Holmes discusses Bitcoin: Frank Holmes, CEO of U.S. Global Investors, emphasizes Bitcoin as a key asset, attracting the interest of younger generations. Additionally, the rise of Bitcoin ETFs is drawing traditional investors, facilitating broader acceptance of Bitcoin.
Cynthia Lummis and Bitcoin proposal: Cynthia Lummis, Senator from Wyoming, proposed converting part of the U.S. government’s gold reserves into Bitcoin, sparking debate about whether the government should sell gold or use bonds to acquire Bitcoin.
Bitcoin price volatility: Holmes argues that price volatility of Bitcoin is normal. He analyzes that a 15% price change in Bitcoin is common while stock market fluctuations are around 3%. He believes Bitcoin’s price will recover and could reach 120,000 USD.