Frank Holmes, executive chairman of Bitcoin miner HIVE Digital Technologies, said in an interview with Bitcoin Magazine that governments will keep printing money and that the scale could reach $100 trillion, a backdrop that makes him bullish on both Bitcoin and gold. He argued that Bitcoin miners already control the core infrastructure needed for artificial intelligence, including power, land, and substations, and described Bitcoin mining as a "tier one" data center business.
Holmes also said HIVE had moved GPUs once used for Ethereum mining into AI, and he expects the next wave of AI factories to be built on mining infrastructure stretching from Paraguay to Canada. In the same interview, he discussed how ETFs changed Bitcoin from a "fear trade" into a "love trade," and said gamers and younger quantitative traders are helping drive adoption. He also referenced Binance’s $19 billion liquidation, a $350 trillion money supply, $40 trillion in money printing during the COVID period, global MMT risks, Bitcoin mining in China and $1.4 trillion in loans, central bank gold buying, the Central Bank of Paraguay and Bitcoin mining exports, hashpower as a commodity, and Canada’s AI push alongside miners’ power advantages.
Bitcoin miner HIVE Digital Technologies executive chairman Frank Holmes said in an interview with Bitcoin Magazine that governments will continue printing money, potentially on a scale of $100 trillion, and that this is why he is bullish on Bitcoin and gold.
Holmes links mining infrastructure to AI buildout
Holmes said Bitcoin miners already have the power, land, and substations needed for artificial intelligence. He described Bitcoin mining as a "tier one" data center.
He added that HIVE brought GPUs previously used to mine Ethereum into AI, and said he believes the next wave of AI factories will be built on mining infrastructure running from Paraguay to Canada.
ETF shift, adoption, and macro references
Holmes also discussed how ETFs turned Bitcoin from a "fear trade" into a "love trade," and said gamers and younger quantitative traders are helping push Bitcoin adoption.
He also referred to Binance’s $19 billion liquidation and a $350 trillion money supply, $40 trillion in money printing during the COVID pandemic and global MMT risks, Bitcoin mining in China and $1.4 trillion in loans, central bank gold purchases, the Central Bank of Paraguay and Bitcoin mining exports, hashpower as a commodity, and Canada’s AI push together with the power advantage held by Bitcoin miners.
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