{"id":128284,"date":"2020-12-08T00:54:32","date_gmt":"2020-12-07T21:54:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gold-bug-says-2021-will-be-a-big-year-for-bitcoin-and-ethereum\/"},"modified":"2020-12-08T00:54:32","modified_gmt":"2020-12-07T21:54:32","slug":"gold-bug-says-2021-will-be-a-big-year-for-bitcoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gold-bug-says-2021-will-be-a-big-year-for-bitcoin-and-ethereum\/","title":{"rendered":"# Gold bug says 2021 will be a big year for Bitcoin and Ethereum"},"content":{"rendered":"<p>&#8220;<strong># Gold bug says 2021 will be a big year for Bitcoin and Ethereum  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTIvZTQwOTU2ZDUtMTk1Zi00MWM1LTg5ZDYtYWNkMTE2OWFkOGEwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>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.\u00a0<\/p>\n<p>In a Monday interview with Kitco <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>, Holmes <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.kitco.com\/news\/2020-12-07\/Frank-Holmes-2-600-gold-is-very-doable-Bitcoin-Ethereum-s-future-explained.html\">said<\/a> 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.\u00a0<\/p>\n<p>Regarding Bitcoin, Holmes felt that more people are embracing the digital asset in a continuation of a multi-year trend:<\/p>\n<blockquote><p>\u201cThe number of wallets, people that are embracing bitcoin, that\u2019s been growing for the past three years. Nice steady growth.\u201d<\/p><\/blockquote>\n<p>Although many in the crypto industry liken Bitcoin to gold, Holmes said BTC isn\u2019t being fueled by the same macro drivers as bullion. Rather, Bitcoin\u2019s rocket fuel is coming from this past May\u2019s deflationary halving event.<\/p>\n<p>He explained:<\/p>\n<blockquote><p>\u201cIf tomorrow, if all the gold mines in the world said we\u2019re going to cut supply by 50%, I can assure you gold will be at $10,000.\u201d<\/p><\/blockquote>\n<p>\u201cIt\u2019s a supply-demand function,\u201d Holmes concluded. Following the May halving, the number of newly mined BTC entering the market fell to around 900 per day \u2014 and this\u00a0supply has been quickly absorbed by institutions and mega-corporations.\u00a0<\/p>\n<p>Ethereum, meanwhile, continues to benefit from the latest developments in decentralized finance, or DeFi. In terms of total value locked, the DeFi ecosystem is worth over $14.6 billion. Ethereum is the building block for much of that activity. The market capitalization of DeFi coins is currently $18.2 billion, according to CoinMarketCap.<\/p>\n<p>In terms of gold, Holmes expects a \u201ctwo-standard deviation\u201d move for precious commodity \u2014 a move that could send prices between $400 and $800 higher in the next 12 months. <\/p>\n<p>\u201cThat would take us from $2,200 to $2,600,\u201d he said. <\/p>\n<p>Gold futures broke out on Monday, climbing $26.40 to $1,866.40 a troy ounce on the Comex division of the New York Mercantile Exchange. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/gold-bug-says-2021-will-be-a-big-year-for-bitcoin-and-ethereum\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Gold bug says 2021 will be a big year for Bitcoin and Ethereum &#8221; 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.\u00a0 In a Monday interview with Kitco News, Holmes said he expects digital assets&#8230;<\/p>\n","protected":false},"author":1,"featured_media":128285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/e40956d5-195f-41c5-89d6-acd1169ad8a0.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74982,74868,71835],"class_list":["post-128284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-btc-markets","tag-defi","tag-gold"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/128284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=128284"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/128284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/128285"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=128284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=128284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=128284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}