The $6K Gold and Bitcoin’s Journey to $150K: You Won’t Believe What Happens Next!

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Gold could soar to $6,000 an ounce during Donald Trump’s second term, all thanks to a magical mix of tariffs and a weakening dollar, according to investment wizard Frank Holmes. But don’t just take our word for it—he shared this sparkling prophecy with Kitco News this week in an interview that’s as wide-ranging as it is eye-opening (and yes, he might be right, but who knows?).

Frank Holmes Drops Bombshell: Gold to $6,000 and Bitcoin to $150K?!

Frank Holmes, the chief executive and chief investment officer of U.S. Global Investors in San Antonio, sat down with Kitco to chat about what might happen when gold and Bitcoin take over the world (no biggie). Holmes explained in a recent interview that bullion’s been lagging behind the rocket-like rise in global money supply. He thinks gold is *underperforming* like that one person in your group project who barely contributes, but still takes credit for the final grade. “When I look at M2 growth globally… particularly in the G20 countries, gold should be climbing to $6,000 during President Trump’s term,” he said, sounding confident enough to convince your grandma to invest. 

Now, before you roll your eyes and scroll away, consider that Holmes ties this forecast to U.S. tariff policies, which—according to him—could knock the U.S. dollar down by about 25%. A weaker dollar = more expensive gold, and that’s good news if you like shiny things. Plus, central bank purchases and the general lack of enthusiasm for gold exchange-traded funds (ETFs) mean there’s a golden opportunity for prices to rise. It’s practically a bargain for anyone with a time machine or a serious gambling streak.

But wait, there’s more: Holmes also predicts Bitcoin’s rally is only getting started. Once the leading cryptocurrency surpasses $97,000—what he calls the “supply overhang” (fancy jargon for ‘that price everyone’s been holding out for’)—Bitcoin could rocket up to $120,000 to $150,000 per BTC. And let’s not forget about the network-effect magic, like Metcalfe’s law, which he claims will work its sorcery on Bitcoin’s price.

Holmes, ever the optimist, doesn’t stop there:

It’s easy for Bitcoin to hit a quarter-million-dollar mark once adoption takes off. After all, it’s capped at 21 million coins. That’s like the world’s most exclusive club, but with fewer velvet ropes and more digital wallets.

There’s even evidence to back it up—Holmes points to nearly $1 billion flowing into spot Bitcoin ETFs this month, and U.S. state pension plans seem to be getting cozy with the idea of Bitcoin in their portfolios. It’s like Bitcoin is the cool kid at school, and everyone’s finally catching on. With a fixed 21 million-coin limit and more institutional exposure, Bitcoin could face a supply squeeze—and we all know how that ends: higher prices and frantic investors scrambling for their slice of the pie. 🍰

Despite Bitcoin’s rise, Holmes is quick to remind us that gold is still the best friend we never knew we needed. He’s all about that “10% golden rule” allocation, urging investors to diversify. After all, while big miners use cash to pay down debt and repurchase shares, junior explorers are, well, still figuring out how to pay the rent. For Holmes, gold is the trusty insurance policy while Bitcoin is the flashy new tech—both essential in today’s mixed-up financial ecosystem.

Looking ahead, Holmes remains bullish on decentralized assets, seeing the coming years as a time of “reset,” where geopolitics, trade realignments, and changing investor demographics will shake things up like a snow globe. But, of course, all of this depends on one simple thing: policy follow-through. If that doesn’t happen, well… maybe it’s time to buy a ticket to Mars instead. 🚀

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2025-04-28 20:01