WATCH: Gold bug Frank Holmes’ 2021 volatility ranges: $80K Bitcoin and $3K Ethereum?
Frank Holmes, CEO/CIO of US Global Investors, believes and 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.
According to Holmes, each asset class has its own DNA of volatility, or the typical percentage of price fluctuation over a period of time. He finds it particularly intriguing when two different assets have similar volatilities. In this interview, he points out that the DNA of volatility of Tesla (NASDAQ:) is the same as Ethereum.
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