The Digital Currency Space Is “Growing Exponentially”
Date Posted: December 6, 2017
Read time: 1 min
At this year's Mines and Money conference in London, Frank Holmes had the opportunity to catch up with Small Cap Power to discuss one area of the market he says is "growing exponentially."
At this year’s Mines and Money conference in London, Frank Holmes had the opportunity to catch up with Small Cap Power to discuss one area of the market he says is “growing exponentially.” Frank was referring to digital currency, particularly the widespread adoption of bitcoin. He explains that his wakeup call to this phenomenon was hearing Abigail Johnson, CEO of Fidelity Investments, speak about how she backs bitcoin and blockchain technology during CoinDesk’s Consensus conference earlier this year.
Watch the full clip below to see how Frank is playing the space and to see what he believes the future could hold for cryptocurrencies.
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Cash Flow is a measure of the amount of cash generated by a company’s normal business operations. Free Cash Flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base.
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. This interview should not be considered a solicitation or offering of any investment product.
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.
