Frank Holmes Explains Bitcoin’s Growth Using Metcalfe’s Law
Frank Holmes stopped by Bloomberg Radio during a recent trip to London to discuss the future of bitcoin.
Frank Holmes stopped by Bloomberg Radio during a recent trip to London to discuss the future of bitcoin. Frank explains how Metcalfe’s law says the value of a network is proportional to the square of the number of connected users of the system. Applying this law to the cryptocurrency world, Frank believes the future of bitcoin is here to stay. He points out the massive number of users signing up for Coinbase accounts every day. The majority of this digital currency interest is driven by millennials in part due to the ease of purchasing and lack of regulation.
To hear the full discussion, listen to the recording here!
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Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE, directly and indirectly.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following security mentioned in the interview was held by one or more accounts managed by U.S. Global Investors as of September 30, 2017: Microsoft Corp.
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