Saturday, May 21, 2022

$80K Bitcoin and $3K Ethereum? By Cointelegraph

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WATCH: Gold bug Frank Holmes’ 2021 volatility ranges: $80K Bitcoin and $3K Ethereum?

Frank Holmes, CEO/CIO of US World Buyers, believes and may attain $80,000 and $3,000 respectively in 2021. He additionally sees the opportunity of Bitcoin dropping to $20,000 and Ethereum dropping to $500. This broad unfold is derived from a philosophy he calls the DNA of volatility.

In line with Holmes, every asset class has its personal DNA of volatility, or the standard proportion of value fluctuation over a time frame. He finds it notably intriguing when two totally different property have related volatilities. On this interview, he factors out that the DNA of volatility of Tesla (NASDAQ:) is similar as Ethereum.