Expectations for 2022 regarding cryptocurrencies, which delight their investors with their performance in 2021, continue to be announced.
Speaking to Kıtco News, the CEO of investment company US Global Investors, Frank Holmes, also shared his expectations for 2022.
Drawing attention to gold and Bitcoin in his speech, Holmes argued that gold has the potential to rise in 2022.
The famous CEO stated that the price of gold will rise above $ 2000 as mining companies produce more gold in 2022.
Drawing attention to the performance of Bitcoin in 2021 against the rising potential of gold, Holmes said, “Bitcoin’s price action puts BTC in a good position to hit the $100,000 level.” said.
Frank Holmes stated that he expects Bitcoin to outperform gold and said that BTC will get stronger with the adoption of millennials.
“Bitcoin will replace gold. Millennials could be the critical driver for the rise in Bitcoin price and the overall cryptocurrency market.
The sensitive point here is that millennials are important for price discovery that attracts institutional money, and America decides how it wants to regulate cryptocurrencies and works on it.”
Finally, Holmes stated that volatility and the measures to be taken by country regulators will also be effective in the rise of Bitcoin.
*Not investment advice.