(Kitco News) – “Ethereum is the backbone to the blockchain network,” said Frank Holmes, CEO of U.S. Global Investors and Executive Chairman of HIVE Blockchain Technologies.
Speaking with David Lin, anchor for Kitco News, Holmes discusses the growth trajectories for both Bitcoin and Etheruem, and how the latter could one day become the most dominant cryptocurrency.
When asked if Ethereum could one day surpass Bitcoin in market capitalization, Holmes said “Yes, because it has the apps, it has the growth potential,” adding that “we believe that Ethereum 2.0 is a first initiative that’s going to suck up supply. Metcalfe’s Law says that if you limit supply and demand grows, it grows exponentially.”
HIVE Blockchain lists on the NASDAQ on July 1st.
“It’s interesting talking to NASDAQ, they said they’ve had over 500 listings this year. A lot of the streamlining and regulations brought by the previous Administration have been a big boon to the stock market, and they’ve had a record number of Canadian companies applying to be listed here on NASDAQ,” Holmes said.
For more information on quantum computers and the risks the pose to crypto wallets, watch the video above. Follow David Lin on Twitter: @davidlin_TV.
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