Podcasts about hive blockchain technologies

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Best podcasts about hive blockchain technologies

Latest podcast episodes about hive blockchain technologies

Wall Street Unplugged - What's Really Moving These Markets
Frank Holmes: Bitcoin and gold are both set to soar

Wall Street Unplugged - What's Really Moving These Markets

Play Episode Listen Later Jan 10, 2024 67:49


I'm currently in Las Vegas attending the annual Consumer Electronics Show (CES 2024). Make sure to follow me on X @FrankCurzio for live updates on the biggest tech trends of the year! I have a special episode for you today. I sat down with fan-favorite guest Frank Holmes—CEO and chief investment officer of U.S. Global Investors—for a wide-ranging interview. He starts by explaining why 2024 should be a bullish year… why he expects gold to nearly double from current levels… and which gold stocks he expects to outperform the rest. Next, Holmes, who's also executive chair of HIVE Blockchain Technologies, shares his thoughts on crypto—including the ongoing debate about Bitcoin vs. gold… how he expects the market to react to the eventual launch of a Bitcoin ETF… the biggest headwind for the industry… what the upcoming Bitcoin halving will mean for crypto miners… and why Bitcoin could rise more than 400% over the next couple of years. In this episode  Frank Holmes' outlook for 2024 [3:43] Can you be bullish on both gold AND Bitcoin? [9:07] These stocks will outperform as gold prices soar [19:15] How the market will react to a Bitcoin ETF [27:47] The biggest hurdle for the crypto industry [31:45] What the Bitcoin halving means for miners [37:15] Why Bitcoin could surge over 400% [51:03] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/   Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

FinancialFox
Maximizing Bitcoin Mining Gains: Interview with HIVE Blockchain's CEO Aydin Kilic | FinancialFox

FinancialFox

Play Episode Listen Later Dec 12, 2023 21:33


Join Stefania Barbaglio in an exclusive interview with Aydin Kilic, President & CEO of HIVE Blockchain Technologies Ltd (NASDAQ: HIVE) - a leading data center owner and operator in the cryptocurrency space. HIVE Digital Technologies boasts over 100 megawatts of Bitcoin mining capacity and a rapidly growing GPU cloud business powered by industrial-grade NVIDIA GPUs.

The Daniela Cambone Show
Banks Gasping for Air, Facing Crisis Unlike 2008

The Daniela Cambone Show

Play Episode Listen Later Mar 30, 2023 15:21


"[The situation we're in now] is very different than 2008, the rising of rates seems to be a magic number," argues Frank Holmes, CEO of U.S. Global Investors and Chairman of HIVE Blockchain Technologies. "Signature bank falling was such a shock, but we moved our money out and it was all professional," he tells Daniela Cambone at the 2023 Swiss Mining Institute annual conference. "It's very tragic what happened to the shareholders of [Signature bank], it was a first-class operation," Holmes says. "Bitcoin validated the blockchain... there are 12,000 independent nodes around the world validating transactions," he continues. "You have to support getting auditors [in the crypto space] to actually chase away crooks like Sam Bankman-Fried," Holmes states. "We have, for the first time in history, an interesting black swan because America is dealing with two cold wars [between Russia and China]," he concludes.

The Daniela Cambone Show
Bitcoin Price to Face More Damage After FTX Disaster? Experts Yusko, McGlone, Wade Weigh-In

The Daniela Cambone Show

Play Episode Listen Later Dec 5, 2022 108:59


Going Digital features the latest news and insights in the Bitcoin and cryptocurrency world. Anchored by Daniela Cambone and HIVE's CFO Darcy Daubaras, they speak to some of the world's best-known Bitcoin experts on the fallout of FTX and more. Guests include: investor Mark Yusko, Bloomberg's Mike McGlone, Stansberry Research's Crypto Capital editor Eric Wade, Perianne Boring from the Chamber of Digital Commerce, Curzio Research's CEO Frank Curzio, Bitcoin Magazine Pro's Dylan LeClair, HIVE's Adam Sharp, Curzio, and Financial Underground founder Nick Giambruno. Going Digital: investing in the future of Bitcoin and blockchain took place on Wednesday, November 30th. This event was made possible in collaboration with HIVE Blockchain Technologies and Bitcoin Magazine.

bitcoin disasters bloomberg chamber damage ftx weigh hive anchored going digital digital commerce bitcoin magazine bitcoin price mark yusko stansberry research adam sharp crypto capital perianne boring eric wade curzio nick giambruno frank curzio hive blockchain technologies
Fatal Conceits Podcast
Joel Bowman and Adam Sharp on Censorship and the Parallel Economy

Fatal Conceits Podcast

Play Episode Listen Later Feb 26, 2022 45:40


“I actually find myself pretty optimistic just to see people out in the streets because realistically, this stuff has been going on for a while, like financial censorship, speech censorship. So just seeing people out in the streets is encouraging because ultimately, I don't think the people's will will be denied for too long.”~ Adam Sharp, Start-up Investor and Editor at HIVE Blockchain Technologies TRANSCRIPTJoel Bowman:Welcome to the Bonner Private Research Podcast. I'm your host, Joel Bowman. Each week, we bring you exclusive conversations with members of Bill Bonner's private research team, as well as some special guests will meet along the way. We're trying to connect the dots from high finance to lowly politics, private investments to public follies, from Wall Street to main street, at home and on the road. We're into sound money, personal freedom, classical books, and great wines, not always in that order. So join me and the rest of the Bonner Private Research team as we pack our bags and follow the money. Mate, so let me welcome you officially to the show because it's been a little while since you and I got together in person. But I've known you for what, 10 years now I feel like?Adam Sharp:Yeah.Joel Bowman:Right around there.Adam Sharp:It's been about that long, yeah.Joel Bowman:So you're an early investor, a crypto enthusiast. I know you're doing a lot of work with the gents over at HIVE Blockchain Technologies and early investing as well. But one of the, and we can get into all that, but one of the conversations I wanted to start off with you is something that's just been rattling around my head in the past few weeks, and that is what is going on with your friendly, mild-mannered neighbors to the North. This is instructive in multiple ways for an antipodean who's been watching what's happening in Australia over the past couple of years. But just for people who are catching up with this story or maybe they've had it just peripherally on their news feeds, but maybe they're paying attention to, I don't know, what's going on in the Ukraine or whatever else, do you want to just catch us up to speed with what's been going on in Canada, what the latest is?Adam Sharp:So most people are familiar with the basics of what's going on with the trucker convoys. But it is interesting, like I talked to my parents about it this weekend and they really didn't know what was going on because it's not really being reported in the mainstream. So you have to go to some social media platforms to get up on it. But basically lot of Canadians are really sick of the vaccine mandates and the mask mandates and the quarantine rules. So it's set off really a large protest in Ottawa, which then spread to become a blockade at several of the US-Canadian borders. And now there's been much protest in all major Canadian cities. So they really cracked down hard on the one in Ottawa, batons and mace and cracked some skulls and trampled some people with horses.And it's surreal to watch because these people were totally peaceful protesters, they were cleaning up after themselves, crime actually went down in the city during this occupation. And Trudeau invoked these emergency powers that basically give him unlimited ability to freeze people's financial accounts, which they are doing. So anybody that is associated with the protest that they can identify, either they donated to the protest or they were on video, it's very Orwellian. They are using video to identify people, facial recognition, and then blocking their bank accounts. Then we've heard multiple stories of people who just went to the grocery store and all of a sudden they donated to the convoy, so their credit cards aren't working, their bank accounts are frozen. They're going to try to now take a bunch of the trucks that they towed away from downtown and sell them and keep the money.Joel Bowman:That just seems vindictive at that point. This isn't just an impounding and come along next week, pay a fine, and get your rig out. This is, I would guess for the vast majority of people who have their being taken from them, this is probably their main source of income, this is-Adam Sharp:Oh yeah. And probably most of them have a big loan out-Joel Bowman:And livelihood.Adam Sharp:Right?Joel Bowman:Right.Adam Sharp:And they probably owe a million dollars on a loan a lot of them. I don't know how much of big rig costs, but I'm guess it's not cheap. So I just keep being reminded of this great George Orwell quote, and he says, "All tyrannies rule through fraud and force. But once the fraud is exposed, they must rely exclusively on force." So I feel like that's where we are, at least, in Canada.Joel Bowman:It's like the veneer has been pulled back and now this is just the naked state just ruling through power and brute force.Adam Sharp:Yeah, exactly. Like that old Frank Zappa quote about the brick wall.Joel Bowman:Some Frank Zappa.Adam Sharp:Yeah, exactly. So it's interesting, I think it's been inevitable for a while. But I think it's going to be a hard period that we're going to have to go through. But I actually find myself pretty optimistic just to see people out in the streets because realistically, this stuff has been going on for a while, like financial censorship, speech censorship. So just seeing people out in the streets is encouraging because ultimately, I don't think the people's will will be denied for too long. We have the internet still, hopefully we will going forward. But it's nice to see people getting a little angry and a little upset because this stuff has been going on for a while, it just didn't affect us as directly.Joel Bowman:So I feel like we can, you touched on this from multiple angles there, but I feel like broadly we could break it up into a couple of main themes here. And for our American listeners/viewers/readers, however you're consuming this, it almost feels like there's a first amendment component of this and then something we, I don't know, we maybe call it a fourth amendment component. Where there's the censorship of free speech and very importantly, in the case of these demonstrations, the ability or the right to peaceably assemble and petition the government for redress. So this would be our first amendment point of attack there. And then it gets into something entirely different when you're talking about asset seizure. You sent me the story originally, but I think this started with the government leaning on a private company, this was GoFundMe I believe. It gets a little muddy for me after that, so what happened? They lent on GoFundMe, they backtracked after a little bit and said, "Actually, we're not just going to take the money, we're going to automatically refund it to you." But then things escalated.Adam Sharp:So there was over $10 million raised for the leaders of this trucker convoy. And it was going to pay for their gas and some other expenses, but mostly for of gas. GoFundMe basically shut down the raise after it had reached $10 million and they said, "We're not going to give it back." Or no, "You can ask for a refund. But if you don't ask for a refund, we're going to take that money and donate it to charities of our choosing." Now, they got a lot of pushback on that. So they reversed, they automatically refunded everybody. So a new fundraiser started on a Christian crowdfunding site called GiveSendGo. And GiveSendGo is basically only around because GoFundMe shuts down so many dissident and conservative type of fundraising events. They're basically very political in who they allow to fundraise on the site.So GiveSendGo all of a sudden turns into a big, big business. They raised about I think over $8 million for the truckers. And they did get some of that money to them. Then the Canadian government stepped in, a lot of that money is frozen now in a US bank. They got some of it to the protestors, but a lot of it is still in limbo, so it's been frozen. But this is leading to a bigger thing that we've been talking about a little bit, where there's a potential here that we're going to see parallel economies develop. Like GiveSendGo is the fundraising platform for conservatives and dissidents and GoFundMe is the one for normies and whatever. So are we going to see that for social media? We're already starting to see it for social media. Are we going to see it for banking? Are we going to see it for payment processing? It's a big, big thing.If you guys aren't aware of what's happening on social media with censorship, this has been going on for a long time. The first time I remember seeing blatant political censorship on Facebook was in 2007, it was during the GOP primaries. I saw Ron Paul talk and I was impressed. So I went to Facebook and I'm like, "Oh, let's join a Ron Paul group." And there were no Ron Paul groups. So I was like, "Well, that's strange." I guess I didn't think much more about it, but I never joined one. I could have been involved in the movement, I could have been spreading the word. But they had intentionally hidden them it turns out. And if you look it up, TechCrunch did some reporting on this. So this was 2007 and they were disabling the ability for people to create Ron Paul groups on social media. So this stuff has big, big impacts. The ability for a company like Google or Facebook or Twitter to control someone's thought process through little nudges and through censorship is tremendous, it's just really, really powerful.Joel Bowman:And we're not talking about tiny, little corner of the web type outfits here, we're talking about the main choke points of information, the main filters through which, I don't know what the percentage would be, but it would be upwards of 90% of internet traffic is driven through Google, through Twitter, through Facebook. These are the feeds that allow people the reality that we just take for granted when we go online. And as more and more of our life is played out online, whether it be the news you get or the commerce that you interact in, your brokerage account, your online banking, where you travel, where you stay, and probably in future at some credit score.But let's go back to the truckers for just a second because I want to play the other side for a little bit. And this will circle around to what I've experienced just watching, from down here in Argentina, watching what's been happening in my birth country of Australia. And that's that there'll be a narrative that will say, "Hey, actually, these people they were out protesting, they were disturbing locals, and they were hampering trade across the border." I've seen a bit of that. I wanted just to get your take on this idea that these things have become so politicized now that rather than it being a case of, hey, it's the people the state and their oppressive, be it mandates or it could be a taxation policy, it could be some kind of draconian law, it's been turned into a divide and conquer situation, where you get all this mud slinging back and forth between people on the so-called right and people on the so-called left, whatever that even means today.Such to the extent that looking at the diametrically opposed coverage of what's going on in Canada, I'm just reminded of that old poem which starts out, "First they came for the communists and I didn't speak up because I wasn't a communist. And then they came or this other socialist and what have you." I think that people who are defending the encroachment of the state onto any civil liberties are going to maybe be unceremoniously reminded that actually they're going to guard their civil liberties at some point in the future, and maybe there won't be anyone left to stand up for them.Adam Sharp:Right, exactly. It's interesting how things have basically become... There's basically two or three or four separate realities and people believe in them steadfastly. And there's not a lot of... I don't think a lot of people are being convinced one way or the other on a lot of these issue. So it is interesting, it's disturbing, but it just appears to be where we're at.Joel Bowman:It seems, perhaps even to have been exacerbated this divide during the past couple of years. And I think part of maybe, and you can speak to this, your experience in the US would have been different to what we had down here in Argentina, but the atomization of society in general during these lockdowns and isolations and social distancing. I feel like a lot of the checks and balance that usually hold polite society together, when you gather around the water cooler at the workplace and maybe you flesh out a couple of ideas or Tony from accounting says something a bit wayward, but then his friends pull him into line and say, "Hey, that's a bit of a crackpot theory." Or whatever.I feel like a lot of those checks and little social balances and etiquette have just completely been done away with. And now we congregate on Twitter where we just scream at each other. Everything has to be as divisive as it can possibly be and as incendiary as it can possibly be. So I feel like, even more so in the past couple of years we've had this, people have been digging their heels on both sides. It seems like we're farther from the center perhaps than we've been in a long time.Adam Sharp:It is interesting. One thing that I've noticed is that I look a lot of political and social polling, and Rasmussen Reports does some of the most interesting stuff. What their latest polls are showing is that independents are about 70% in line with conservatives and Democrats are becoming more on an island by themselves. So it is interesting to watch. I'm convinced that it's 99% based on the media that you consume, for most people. It's just like if they watch Rachel Maddow, they're angry about certain things if they watch Sean Hannity, they're mad about other things. But social media, despite all its flaws, despite all the censorship, it's priceless.Just to be able to follow what's going on around the world and maintaining that place where people can share ideas freely, I think that's going to be an increasingly important thing going forward. With Twitter, Facebook, all these companies, they're all towing the same line, they all are follow orders basically from the government to sensor certain things. Like I sent you that article where Facebook had this algorithm, that was exposed, where it gave users a vaccine hesitancy score. So if you had a certain score that showed that you were vaccine hesitant, your comments would be hidden or downgraded or put below the fold. So my view is that stuff like this is happening really widely on most of the social networks, and people can sense it, right?Joel Bowman:Yeah.Adam Sharp:Back to polls for a second, I think something like 55% of Americans now believe that big tax sensor is based on political views. It's become widely accepted I think. Obviously some people don't accept it, but it's pretty clear to me that they are using their own personal political views to censor and steer the discussion. Ultimately, I think that's a really bad strategy. If you think about a company like Google or Facebook or Twitter, they've basically... I still use Twitter because it's just a great learning tool, right?Joel Bowman:Yeah.Adam Sharp:But something like 40% of their audience hates them now and is desperate for alternatives. They want places where they can speak freely and not be banned or shadow banned or whatever. It's just creating this huge opportunity for these alternative platforms. And that's an area that I've been focused on for a while. But right now it's just more relevant than ever, right?Joel Bowman:Mm-hmm (affirmative).Adam Sharp:People want truly, well, a lot of people, some people don't want free speech platforms, but a lot of people do.Joel Bowman:Free speech that they agree with is fine, it's just free speech that they don't agree with that they're unhappy about.Adam Sharp:Exactly. So I don't think that trend of big tech censoring stuff is going to reverse anytime soon. But it's created a really unique actually investment opportunity because these alternative platforms have an unfair advantage right now. They can really have free speech and people want that. So I think if Google and Facebook and Twitter and everybody hadn't started censoring people, it would have been really hard for any of these platforms to gain traction. But because they are cracking down on certain political views, it just hands these guys a huge gift. It's like, "Hey, Rumble..." So Rumble is a YouTube alternative. And I think they had 63 million monthly active users in Q3. And they never would have gotten that if YouTube hadn't started banning all this stuff. Because YouTube has banned basically anything that goes against the establishment in terms of COVID, even the war on terror to some extent. So people are finding these alternative outlets and the growth on them is really exploding.Joel Bowman:It does feel like if you build that they will come moment for a lot of these companies that are waiting in the wings and they're watching, you would have had to be really avoiding the news cycle to not hear Joe Rogan's name in the past month, let's say. So here's a guy who inks $100 million contract with Spotify. Wherever you fall on whether or not he should be able to say what he has to say or whether his guests should be able to say what they have to say, what is undeniable is that a large amount of people want to hear that. And he has an incredibly large audience, the kind that would make your average CNN anchor weep into his teacup.So that audience are craving long-form interviews, they're craving a curious mind, investigative, even interrogative journalism, really getting into the weeds on certainly unpopular mainstream opinions. And it just demonstrates that there is a huge demand for that. So go through a couple or a few of the companies that you're looking at. Because I know you're a startup investor. I may have mentioned at the top of the show here, but since you and I have known one another, you've invested in over 125 startups, a dozen or so have grown to unicorn status at this point, which is pretty. So when you see this, as you say, potentially even a gift being handed to companies that are positioning themselves as free speech alternatives or maybe even existing in a parallel economy, what are the standouts, outfits that you think are doing a pretty good job or that are keeping an eye on?Adam Sharp:So in terms of public companies, there's really two that I consider credible, the first one is Rumble. So Rumble is a YouTube alternative. If you guys aren't aware, YouTube bands a lot of content, pretty much anything that's anti-establishment. If it catches on and gets too many views, YouTube will quickly delete it. So YouTube, also if you don't know, is one of the most lucrative businesses in the world, they apparently get over $63 a user per year. So that's pretty good, considering a lot of those people don't use the platform very often.Joel Bowman:They have a subscription model, is that through... I guess that would average out between advertisement and subscription, right?Adam Sharp:I think that's just free, that's just ad based content.Joel Bowman:Oh, wow. So that'll go even to another point where advertiser's are going to go after this. If we get a lot of eyeballs on Rumble, that can take off quickly. Anyway, I'm jumping in there.Adam Sharp:No, it's fine. So Rumble's an interesting one. It is a SPAC, and SPACs are weird for a few reasons. It's a fancy reverse merger kind of. So all SPACs start off trading at around $10, CFDI is $14 right now. It is a little expensive, I believe the market cap... It's tricky with these SPACs because if you look at Yahoo Finance or something, it'll tell you $400 million, but it hasn't merged with Rumble yet. So until it does, we won't know the full valuation. So it's more expensive than it looks. But I think they had, let's see, 63 no. So they grew monthly active users from Q3 2020 to Q3 2021 from 2 million to 36 million. So that's pretty explosive growth, 18 times in a year.So they do have serious growth, they have a lot of good content. I watch stuff on Rumble, a lot of stuff that just isn't available on YouTube. And like I said, the company hasn't merged yet. It's worth watching, I might buy a little of it. So the big risk to Rumble is right now, they pretty much allow almost any controversial content. They allow stuff that's controversial that YouTube would never allow about COVID or about conspiratorial stuff. So right now, they are in the app store, they're in the Google and the Apple app stores. But the question is if they're going to get banned if they don't start censoring. Because the whole reason people use Rumble is because they don't censor like YouTube does, but that also puts Rumble at risk of being deplatformed from the app stores.Joel Bowman:And you would imagine that, especially if these are indeed the early days for Rumble, that they would be attracting, I would imagine, some of the more conspiratorial out there stuff that people would want to more easily point their finger to. So that may even give the app stores a little bit of cover to say, "Well this is exactly the speech we don't want. And so let's clamp down on that before it gets out of hand."Adam Sharp:Yeah, that's exactly it. So the people that get kicked off other platforms, they go to these new platforms. And sometimes they do have views that are offensive, it's going to happen. Sometimes they're going to be neo-Nazis, something like that. But just ignore them, you don't have to paint a whole platform because of the content that is on it. If it's a free speech platform, there's going to be some offensive stuff on it. I feel like we're adults and we can deal with that.Joel Bowman:One would hope.Adam Sharp:But some people don't agree. So Rumble is an interesting one. The other big one is Trump's social media platform, so this is called Truth Social. And it is publicly traded, but there's some warnings here. So the ticker is DWAC, and it's another SPAC company. So right now, it does have about a $20 billion market cap, and they just launched the app last night. So last night they launched the app just for Apple users. Apparently they have a huge wait list. I'm pretty sure if they can get a platform that works and is scalable and is fast, they're going to get some traction for sure. Because, like we said, people are really craving free speech, but there...So right now, it does have about a $20 billion market cap, so that's pretty steep for a company with no revenue. It's also up from... So like all SPACs, it started off trading at about 10 bucks. And last I looked this morning, it was $90. And there's a lot of potential dilution there too because with SPACs, people who invest at that in the private round, they get warrants at $10. So there are a lot of warrants at $10. So there's more dilution in this thing than it looks like. But I do own some DWAC, I think it has potential to become the mother of all meme stocks.Joel Bowman:Mother of all meme stocks?Adam Sharp:Yeah. Think about how obsessed people were with GameStop just because it was fun. I don't know why exactly they were obsessed with GameStop. But I think that this thing could become... If people start using it and people like it, it could really run. I don't know that fundamentally it's a great buy, it's probably not. But it's interesting nonetheless just to watch.Joel Bowman:It seems also maybe this is, well, I would bet that this was something that was driving the GameStop, AMC type buyer, was a bit of a finger to the man in some way. This is like, "Hey, this is how we can swarm and leverage asymmetrically our..." It's a flash mob in some sense.Adam Sharp:That's exactly it. And what sticks it to the man more than supporting Trump's social media network?Joel Bowman:Very unpopular for the man.Adam Sharp:So you summed it up really well there, I think that's the reason that it could run, is just it's almost like Bitcoin a little bit. People buy Bitcoin because we think the current system is flawed, we don't love it. And a lot of people think that social media and big tech is super flawed. So I think people could use it. If it catches on with users, I think it could certainly run. But it is already expensive, so just be aware of that. It's up a lot and there's a lot of dilution that's not baked in yet. So just be aware of that. Really the more interesting opportunities though are private. Most of the up and incoming free speech platforms are still private. One of the ones that I invested in a while ago is gab.com. So Gab is a very free speech platform, it's controversial, of course, because it is a free speech platform. And it does attract people that have been banned from other sites.But there's a lot of good people on Gab too and a lot of funny people and a lot of good news for conservatives and stuff. But that's an interesting one. I think they had about 90 million visits in January. So the interesting thing about Gab is how much censorship they've had to deal with. So in 2017, I believe their app was banned from the Google and Apple play stores simultaneously because of hate speech. And specifically it's because Gab doesn't believe that you can say, "We don't allow hate speech." Because it's always subjective. So they don't have a policy in there and basically they won't ban people that Google and Apple don't like. So Google and Apple, to play on their play stores, want it's like editorial control of these platforms. So that's the reason they got banned from the app stores basically. They were also banned from AWS and all the other major web hosts payment. They even got their domain banned from GoDaddy, which is crazy.Joel Bowman:Wow, that's too heavy...Adam Sharp:So a domain name banned. But you know what, the founder and CEO, Andrew Torba, is really an impressive guy. He's a Christian, he's a family guy, and he just keeps building. No matter what they throw at him, he built his own infrastructure to host, they built their own email system, they built their own marketplace now, and they're also building their own payment system now, which is interesting. And by the way, I think this whole concept of the parallel economy, I think it's Andrew the CEO of Gab who coined that term. So I do want to give him credit for that. But the other interesting thing about these private market investments is that a lot of them... No mainstream VC would probably touch Gab with a 10 foot pole. So there's this artificially cheap aspect to some of these plays too because they're a little bit too icky for mainstream investors or they're a little bit too-Joel Bowman:It's like a risk discount.Adam Sharp:Yeah, exactly. Yeah, a risk discount, exactly. So Substack is the other interesting one, and you guys are on Substack.Joel Bowman:Indeed, yeah.Adam Sharp:And I just started the Substack, it's great. It's a really good service, they don't seem to censor stuff yet, and they're growing like crazy. I think this was a while ago, but they've just passed a million paying subscribers. So if you guys aren't familiar, well, everybody that's watching this is familiar with Substack, so I don't have to go into it, but it's another free speech platform. Interesting-Joel Bowman:And the founders have come out and been pretty... There was some rumbling, I think a couple of articles and maybe the Guardian and the usual suspects pointing fingers that, was it Chelsea Clinton retweeted something complaining of antivax or misinformation grifter. Of course, misinformation is anything that the establishment disagrees with, just by definition there. But I was very encouraged to see the founders of Substack basically come out and say, "Look, sunlight is the best disinfectant. So we're going to have ideas out there, if you don't like the idea, come up with a better idea, counter it, put up some information, and let's get to the truth of the matter as best as we can. But we're not going to get there by telling people that they just have to sit down and that it's not their turn to talk."Adam Sharp:Yeah, exactly.Joel Bowman:You mentioned Bitcoin before. And that being a similar kind of... I guess it had its genesis as a bit of a workaround to what many of us saw as a flawed central bank system. The whole end the Fed or audit the Fed crowd found a lot of appeal in a currency that didn't depend on the fiat whims of an elite central banker class. So I was thinking about this just before when we had... This was born in 2008 during the Cypress bailout. Then we had the whole Cypress bail in, which was a catalyzing event for Bitcoin to take another bull run.I'm wondering, now we have this G7 country, which is essentially, and this is to take a full circle back to Canada, we have a G7 country which is confiscating the financial assets of its own citizens. But we've seen gold respond this time, we haven't seen Bitcoin responding. And there's still a lot of downward pressure in the market on cryptos in general. What do you make of that in light of Bitcoin's historical role as responding positively to these financially sensorial market conditions and why perhaps it hasn't done that so far this time?Adam Sharp:That's a great question. It almost reminds me of March of 2020 when every everything in the world was selling off. I was sitting there saying like, "Well, they're just going to print unbelievable amounts of money. Why is Bitcoin selling off?" But the market just hadn't come to that realization yet. And when you do get these forced sell offs, a lot of these leverage trade and hedge funds, they're just forced to sell their Bitcoin no matter what. So I think long term, it's going to be great for Bitcoin. I wrote an article about that in February of 2020. But it takes the market a little while to catch onto things that might seem obvious to you and me, I think. I think there also is concern because in Canada, they are forcing centralized crypto exchanges too to freeze people's accounts, freeze people's Bitcoin. So people are like, "Whoa. Oh, you can just freeze the Bitcoin too?" Which it is a problem.Joel Bowman:For sure.Adam Sharp:People can pull their Bitcoin off exchanges, they can trade with it amongst themselves. But in order to cash out, you do need that government approved exchange. So it's certainly a hiccup for Bitcoin. If Biden comes out and says something similar, there certainly are some near term risks to Bitcoin. But I can't imagine a more bullish overall fundamental environment. Money printing as far as the eye can see, I don't think they're going to be able to raise rates and normalize, that just seems like a fantasy to me. But I don't know, I'm just still incredibly bullish on Bitcoin. But yeah, it might get Rocky for a bit. We could go lower. What do you think?Joel Bowman:I'm more or less in agreement. I think that there are scenarios where I can see short term pain. I recall the situation during some pretty hectic selloffs in the past. And I don't think that we're necessarily there yet, just with regards to general market sentiment. A lot of people got in during that run up to 60 plus K. And for them, a 40% draw down isn't really gut wrenching by historical standards. So it does look like there are a few catalysts that could potentially send it a little lower.But this goes back to the general theme, where I think all of these governmental tightening, whether it's with regards to free speech or assembly or seizure of financial assets or any restrictive behavior that the government engages in, which I can only imagine is going to get more intense, is going to be beneficial long term for any of these kinds of workarounds, provided that there are enough people who still value all of those things like free speech and people who want the right to be offended, the people who want to go on social media platforms or listen to videos or interviews or transact with people that might not necessarily be to everybody's liking. As long as people value that to some extent there'll be a huge demand for it. And I think in the long term, I'm hoping that demand for freedom is going to win out and pay off. So we'll have to see.Adam Sharp:Yeah, I agree.Joel Bowman:Well, Adam, we've probably gone a little over time already, and I'm very grateful for your time. But I did want to get to what you guys are doing over at HIVE. Give us an update on what's been happening there. I know it's been a pretty busy Q1 so far for you guys, so what's in the pipes?Adam Sharp:So if you guys don't know HIVE, HIVE is a leading cryptocurrency miner, we mine Bitcoin and Ethereum. And we do it, I think, in a really clever way. We basically locate our facilities right next to cheap and clean hydro power, so Canada, Iceland, Sweden. And we mine a lot of Ethereum in Bitcoin. I just started at the company last June. So it's been fascinating to learn more about the mining industry just because I've been around Bitcoin and I've been an owner for a while. But learning about how the sausage is made it's fascinating, it takes a lot of capital investment. Like all these... There's a bunch of big publicly traded miners now, and some of them are spending up to a billion dollars I think.There's some serious capital being invested into the Bitcoin ecosystem. Like we're building a big campus or expanding a big campus up in new Brunwick, Canada. And it's so cool to see these purpose-built Bitcoin miners going up. And the timing of the China ban last year was really interesting because it was great for North American and other miners because all of us a sudden we have all these data centers and people want to get their equipment in there. The hash rate went down, mining became a lot more profitable. I think that the decentralization out of China, because what percentage of Bitcoin mining was in China? It was like 60% or something.Joel Bowman:A worrying percentage of eggs to have in one basket for sure.Adam Sharp:So it's spread out throughout the world, and I think that's a great thing. It's going to be interesting to see what happens. Like we're saying, both of us have been in Bitcoin for a long time and we don't know what's going to happen in the short term. But long term, I really don't think... I think this is the world that Bitcoin was created for. This is why Satoshi did it, inflation, bailouts, all these different things.Joel Bowman:Well, it's the world of chaos and uncertainty, where you don't know the future and you can't centrally plan everything from the top down. So you will have organic moves, whether they're geopolitically responsive to something like the China ban. Or whatever happens in the future with regards to, I don't know, you throw on some climate and energy restrictions in one particular jurisdiction and then all of a sudden crypto miners who were, I don't know, position next to a hydrotech all of a sudden become much more attractive. So these are market responses that we can't predict down the road. But that's what makes it fascinating and interesting and rewards the front row tickets to it, I think.Yeah, absolutely. It's going to be fascinating to watch. Like you said, it's probably going to get worse before it gets better, but I am convinced that it is going to get better. People are, I know this is very cliche, but there is an awakening going on about overreach of government power and overreach of central bank power and all these different things. So that's not to be overlooked. Once the people... The first step towards change is recognition, and I think we're at the recognition stage right now. So hopefully change follows, and I think it will.Joel Bowman:All right. Adam, let's wrap it up there but get you back on shortly for some more chat. There's certainly no shortage of things going on in the world to hold our attention. Okay, Adam Sharp, thanks a lot, mate. Appreciate itAdam Sharp:Thanks, Joel. Bye.Joel Bowman:Cheers. Thanks for listening to this episode of the Bonner Private Research Podcast. You can find more conversations like this in the members only section of our website at bonnerprivateresearch.com. If you would like to contact us, please address compliments and complaints alike to podcast@bonnerprivateresearch.com. We look to hearing from you either way. Until next week. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit bonnerprivateresearch.substack.com/subscribe

Wall Street Unplugged - What's Really Moving These Markets
How to get exposure to the best shipping companies in the world

Wall Street Unplugged - What's Really Moving These Markets

Play Episode Listen Later Feb 3, 2022 61:03


Frank Holmes, CEO and chief investment officer of U.S. Global Investors, is back on Wall Street Unplugged. We kick things off by discussing the pullback in the markets… Frank explains why he believes the selloff is nearing a bottom… and why he doesn't expect interest rates to rise significantly this year. [2:00] Frank recently launched his own exchange-traded fund: the U.S. Global Sea to Sky Cargo ETF (SEA)—which gives investors access to some of the best shipping companies in the world. He highlights why everyone should have exposure to this sector right now… and how he picks assets for the fund. [4:40] Turning to gold, I ask why gold prices aren't higher right now given the favorable market conditions. Frank breaks down how gold prices can be manipulated… and shares a strategy from the crypto-mining “playbook” that gold miners should start using. [14:05] As executive chairman of crypto mining firm HIVE Blockchain Technologies, Frank knows a lot about this subject. He highlights how gamers are making some serious money off of crypto… HIVE's environmental, social, and governance (ESG) strategy for its mining operations… and the massive growth his firm is seeing. [21:20] He also explains the different types of chips used for mining particular cryptos… [29:30] Next, Frank breaks down the difference between “proof of work” (PoW) and “proof of stake” (PoS)... and why fears over Ethereum's switch from the former to the latter are overblown. [39:00] We wrap up with Frank comparing the short-term headwinds for crypto vs. the long-term tailwinds… and why he expects prices to move much higher over time. [44:40] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/   Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ : https://www.curzioresearch.com  

The Drill Down
Ep. 125: HIVE Blockchain Technologies CEO Frank Holmes, Bitcoin, Ethereum, Facebook, Lockheed Martin, Polaris

The Drill Down

Play Episode Listen Later Oct 26, 2021 35:53


HIVE Blockchain Technologies CEO Frank Holmes (HIVE) tells us how he created the giant cryptocurrency miner. The numbers don't lie… and the numbers show how Facebook (FB) keeps growing despite the challenging headlines. Lockheed Martin (LMT) claps back after being accused of running a rudderless ship. Polaris (PII) has supply chain problems…. but the company may see a light at the end of the tunnel. The Drill Down with Cory Johnson offers a daily look at the business stories behind stocks on the move. Learn more about your ad choices. Visit megaphone.fm/adchoices

Turning Hard Times into Good Times
Can Virtual Money be backed by Gold?

Turning Hard Times into Good Times

Play Episode Listen Later Oct 5, 2021 57:43


Frank Holmes, Michael Hudson and Chen Lin return. Last time we talked with Frank he suggested that China is leading the world toward a cryptocurrency that would be backed by gold. But does a gold-backed cryptocurrency make sense if the Chinese virtual currency is engineered to remove all freedoms and liberties from every human being by governing where you go, what you buy, and what you are allowed to believe? By contrast, gold has served as the most fair, egalitarian and pro free- market money ever used by humankind. While gold systems have in the past helped to slow down government theft by way of inflation, is there any reason to think the Chinese Communist Party would allow a gold-backed monetary system to lead to a free market capitalist system? What would be the purpose then of China backing a digital Yuan by gold? Those and other questions regarding money and other market matters will be asked of Frank who is the chairman of HIVE Blockchain Technologies a company that mines Ethereum. We will get Chen Lin's latest views on China as well as on gold and biotech markets, and Michael will update us on one of the most exciting emerging copper-silver discoveries in the world.

Turning Hard Times into Good Times
Can Virtual Money be backed by Gold?

Turning Hard Times into Good Times

Play Episode Listen Later Oct 5, 2021 57:43


Frank Holmes, Michael Hudson and Chen Lin return. Last time we talked with Frank he suggested that China is leading the world toward a cryptocurrency that would be backed by gold. But does a gold-backed cryptocurrency make sense if the Chinese virtual currency is engineered to remove all freedoms and liberties from every human being by governing where you go, what you buy, and what you are allowed to believe? By contrast, gold has served as the most fair, egalitarian and pro free- market money ever used by humankind. While gold systems have in the past helped to slow down government theft by way of inflation, is there any reason to think the Chinese Communist Party would allow a gold-backed monetary system to lead to a free market capitalist system? What would be the purpose then of China backing a digital Yuan by gold? Those and other questions regarding money and other market matters will be asked of Frank who is the chairman of HIVE Blockchain Technologies a company that mines Ethereum. We will get Chen Lin's latest views on China as well as on gold and biotech markets, and Michael will update us on one of the most exciting emerging copper-silver discoveries in the world.

P&L With Paul Sweeney and Lisa Abramowicz
A Deep Dive Into Rates, Markets, The Economy

P&L With Paul Sweeney and Lisa Abramowicz

Play Episode Listen Later Sep 27, 2021 25:04


Tom Porcelli, Chief US Economist for RBC Capital Markets, discusses rates, markets, and the economy. Frank Holmes, CEO & CIO of U.S. Global Investors, and Executive Chairman of HIVE Blockchain Technologies, discusses cryptocurrency and the markets. Mo Haghbin, Chief Operating Officer of Invesco Investment Solutions, talks markets and their factor investing study. Janet Lorin, Higher-Education Finance Reporter for Bloomberg News, discusses recent university endowment returns. Hosted by Paul Sweeney and Kailey Leinz. See omnystudio.com/listener for privacy information.

Turning Hard Times into Good Times
Making Sense of a Financial World Gone Mad

Turning Hard Times into Good Times

Play Episode Listen Later Sep 7, 2021 58:15


Frank Homes & Chen Lin return. Walter (Jay) Buckley visits for the first time. If anyone can help us make sense of a world that seems to rely more on miracles of technology and on concepts of equality rather than on merit, it's Frank Holmes. From his years of experience managing precious metals and natural resource mutual funds to starting an airline ETF, to now serving as Executive Chairman of HIVE Blockchain Technologies, Frank can bridge the gap of understanding between a traditional investment mentality and the mysteries of cryptocurrencies. We will look to Frank for some portfolio guidance in this rapidly changing world. Chen Lin who specializes in biotech stocks as well as energy and precious metals miners will join me to talk about his views on those market sectors as well as his thoughts about China and the U.S. markets. Jay Buckley will inject a bit of joy into our lives by sharing stories of how the Guide Dog Foundation and America's VetDogs are saving the lives of veterans and other people with special needs.

Turning Hard Times into Good Times
Making Sense of a Financial World Gone Mad

Turning Hard Times into Good Times

Play Episode Listen Later Sep 7, 2021 58:15


Frank Homes & Chen Lin return. Walter (Jay) Buckley visits for the first time. If anyone can help us make sense of a world that seems to rely more on miracles of technology and on concepts of equality rather than on merit, it's Frank Holmes. From his years of experience managing precious metals and natural resource mutual funds to starting an airline ETF, to now serving as Executive Chairman of HIVE Blockchain Technologies, Frank can bridge the gap of understanding between a traditional investment mentality and the mysteries of cryptocurrencies. We will look to Frank for some portfolio guidance in this rapidly changing world. Chen Lin who specializes in biotech stocks as well as energy and precious metals miners will join me to talk about his views on those market sectors as well as his thoughts about China and the U.S. markets. Jay Buckley will inject a bit of joy into our lives by sharing stories of how the Guide Dog Foundation and America's VetDogs are saving the lives of veterans and other people with special needs.

Thinking Crypto Interviews & News
Goldman Sachs Trades Crypto With Galaxy Digital & Miami Mayor Invites China Bitcoin Miners To US!

Thinking Crypto Interviews & News

Play Episode Listen Later Jun 19, 2021 11:57


Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz's Galaxy Digital. Mayor Francis Suarez told CNBC that Miami is working to lower the cost of electricity in order to entice bitcoin miners to make the move to Florida. Suarez is looking to patriate China's mining diaspora by promoting the city's essentially unlimited supply of cheap nuclear energy. "Other countries will follow El Salvador's lead making Bitcoin legal tender says OANDA analyst. Paraguayan Congressman Carlitos Rejala says he will introduce legislation for #Bitcoin adoption in July!BBVA Switzerland is making its bitcoin trading and custody services available to all of its private banking clients. Hive Blockchain Technologies, a publicly traded Canadian crypto-mining company, said it received approval to list its common shares on Nasdaq. Crypto-asset manager Grayscale has added 13 tokens to those under consideration for investment products, most of which are concerned decentralized finance (DeFi). BlackRock, the world's largest asset manager with almost $9 trillion in assets under management, is seeking to develop a blockchain strategy for its flagship portfolio management system, Aladdin, according to a job posting.Miami Mayor interview - https://youtu.be/xaUr1aew6BkFred Thiel Interview - https://youtu.be/mZMU7I-MGWE

Wall Street Unplugged - What's Really Moving These Markets

Long-time listeners are familiar with Frank Holmes, CEO of U.S. Global Investors and executive chairman of Hive Blockchain Technologies. Frank recently returned from the Miami Bitcoin 2021 conference. Today, he shares why he's as excited as ever about crypto. We discuss the ongoing debate over regulation within the crypto community… And Frank explains why he believes the world is big enough for both bitcoin and gold... Frank also shares how Hive is leading the way in the environmental, social, and governance (ESG) movement... and why clean coins will fetch a premium in the market. [16:25] Then, Daniel and I discuss the latest volatility in crypto… I explain my thesis that bitcoin is near a bottom... and we debate the impact of retail investors on meme stocks... [54:48]   Enjoyed this episode?  Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/     Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ : https://www.curzioresearch.com

ceo bottom esg hive frank holmes hive blockchain technologies wall street unplugged
P&L With Paul Sweeney and Lisa Abramowicz
Consumer In Great Shape, Room To Spend: Michael Hans (Podcast)

P&L With Paul Sweeney and Lisa Abramowicz

Play Episode Listen Later Jun 8, 2021 25:17


Michael Hans, CIO of Clarfeld Financial Advisors, talks markets. Bloomberg Europe Tech Editor and Consumer Tech Reporter, Nate Lanxon, discusses the Fastly outage that impacted some major websites. Frank Holmes, CEO and CIO of U.S. Global Investors and Interim CEO and Executive Chairman of HIVE Blockchain Technologies, discusses the JETS ETF and crypto outlook. Dan Genter, President, CEO, and CIO of RNC Genter Capital Management, discusses market trends and stock picks. Hosted by Paul Sweeney and Matt Miller.

Planet MicroCap Podcast | MicroCap Investing Strategies
Ep. 177 - Making Sense of All the Crypto Headlines and Their Impact with Frank Holmes, Chairman of HIVE Blockchain Technologies, CEO and CIO of U.S. Global Investors

Planet MicroCap Podcast | MicroCap Investing Strategies

Play Episode Listen Later Jun 2, 2021 68:22


For this episode of the Planet MicroCap Podcast, I spoke with Frank Holmes. He is the CEO and Chief Investment Officer at U.S. Global Investors, GROW on NASDAQ, and Chairman of the Board of HIVE Blockchain Technologies, HIVE on TSX Venture and HVBTF on the OTCQX. I've known and interviewed Frank for a long time now, so featuring him on the pod is long overdue. But the timing couldn't be better as Frank has been on the front lines of crypto and he needs to be fully up to date on all the macro events that could affect digital assets. We chat at length on all the biggest headlines in crypto, what they mean, as well as how the crypto volatility compares to his experience investing primarily in natural resources. We recorded this episode in two parts, the first ~50 minutes on May 12 and the rest on May 27 because there was so much that happened in crypto world in between. For more information about HIVE Blockchain Technologies, please visit: https://hiveblockchain.com/ For more information about U.S. Global Investors, please visit: https://www.usfunds.com/  You can Follow Frank Holmes on Twitter @bulldogholmes: https://twitter.com/bulldogholmes  Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the SNN Network YouTube channel. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, publishers of StockNewsNow.com, The Official MicroCap News Source, and the MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

The Bottom Line with Deepak and Syed
Weekly Episode 15 - FB Data Leak, Phone Number OSINT, Suez Canal Crisis, Non Fungible Tokens, Nio Update + Weekly Stock Picks

The Bottom Line with Deepak and Syed

Play Episode Listen Later Apr 5, 2021 50:06


Find The Bottom Line's social media and contact details here - https://linktr.ee/TheBottomLineSD Find the Youtube Video here -  https://youtu.be/xKB-H_3VBLg In Weekly Episode 15, hosts Syed and Deepak provide more great content for you to listen in on.  In Syed's Infosec and Tech updates, learn more about how a cybercriminal hacked a vaccine marketplace and made $725k in India, 1,600 fake Twitter accounts being used to impersonate major Indonesian banks, the Facebook data leak, and more.  Deepak and Syed also have a discussion on Facebook, Whatsapp, and their privacy issues. They mention a secure chat platform called Signal. Be sure to check out this week's tech segment starting at 2:50.  Syed continues the OSINT segments, as this week you can learn how to hunt for phone numbers using a tool called phoneinfoga. This segment starts at 8:04. Next the crew transitions into the Suez Canal blockage and how it has impacted the economy. This segment begins at 12:20. Syed then provides an update on NIO and their new partnership. Deepak and Syed go back in forth in this segment debating Nio's battery swapping solution vs Tesla's battery charging solution. Be sure to listen in on this great EV segment starting at 17:15. After the crew provides updates on their stock picks from last week starting at 28:20. Deepak introduces non-fungible tokens (NFT) and briefly explains what they are and why they are so hot in the market right now. Tune in at 34:45 and 42:37 to hear the crew talk about NFTs.  Deepak's stock picks for this coming week are NFT stocks, while Syed has his eyes on Crypto mining stocks for this coming week, due to the Visa and Paypal announcements this past week pertaining to cryptocurrency. Catch this coming week's stocks picks starting at 38:14.  To conclude the Episode, Syed addresses a question a follower sent on Tiktok regarding people OSINT. Syed (via Tiktok) lists a bunch of websites you can leverage for people OSINT at 48:12  Keep your tax questions coming, and listen to the preview of this coming week's tax exclusive at 49:35. This week's tax exclusive will drop on April 8, 2021, where once again the crew answers your tax questions.  **TimeStamps** 0:22 - Agenda  **InfoSec/Tech Update** 2:50 - How Russian hackers targeted US cyber first responders in SolarWinds breach 03:12 - Cybercriminal hacks vaccine marketplace, makes over $752K in India 03:50 - Over 1,600 Fake Twitter Accounts Being Used to Impersonate Major Indonesian Banks 04:23 - Google Cloud And Deloitte Launch Security Analytics Platform 5:00 - Facebook data leak  7:48 - Signal  **OSINT - Using phoneinfoga for hunting phone numbers** 08:04 - Phone Number OSINT using phoneinfoga **Suez Canal blockage impact**  12:20 - Suez Canal Crisis and its impact  **NIO Update, Tesla vs Nio debate** 17:15- NIO's new partnership and battery swapping stations 22:42 - ARK Funds, Cathie Woods opinion on NIO  23:10 - Charging vs Battery Swapping 26:30 - Biggest EV markets, NIO vs Tesla **Update on last weeks stock picks** 28:20 - Update on Virgin Galactic  29:16 - Update on Maxar Technologies 30:35 - Update on Braille Energy Systems Inc 32:32 - Update on Paypal  33:29 - Update on Enphase Energy **Intro to Non-Fungible Tokens** 34:35 - Non Fungible Tokens (NFT) **April 5th, 2021 weekly Stock Picks** 38:14 - Funko Inc 39:14 - ImagineAR Inc 40:35 - Fandom Sports Media Corp  **Teaser of NFT future NFT Exclusive** 42:37 - Disclaimer about NFT, Gas prices **April 5th, 2021 weekly Stock Picks continued** 43:50 - Maratjon Digital Holdings 45:13 - Leveraging Yahoo Finance for Research  45:40 - Hive Blockchain Technologies  **Answering your questions** 47:13 - Fanmail, Websites for People OSINT  48:12 - Tiktok Response to the fan question  **Tax Exclusive E2 Preview** 49:35 - Tax Exclusive E2 preview  **Resources** https://www.fool.ca/2021/03/29/explained-what-is-an-nft/ https://thedarksource.com/phoneinfoga-osint-information-gathering-framework-for-phone-numbers/ https://www.bloomberg.com/news/articles/2021-04-03/suez-canal-shipping-backlog-has-been-resolved-reuters-reports https://ca.finance.yahoo.com/video/economic-impact-suez-canal-delays-131646621.html https://edition.cnn.com/2021/04/02/politics/russian-hackers-target-us-cyber-hunters-solarwinds/index.html https://ciso.economictimes.indiatimes.com/news/cybercriminal-hacks-vaccine-marketplace-makes-over-752k/81867221 https://securityaffairs.co/wordpress/116173/cyber-crime/5-star-customer-service-fraudsters-launch-massive-campaign-against-indonesias-major-banks-on-twitter.html https://www.crn.com/news/cloud/google-cloud-and-deloitte-launch-security-analytics-platform   https://www.theguardian.com/technology/2021/apr/03/500-million-facebook-users-website-hackers

Kitco NEWS Interviews
What crypto investors should understand about extreme volatility – Frank Holmes

Kitco NEWS Interviews

Play Episode Listen Later Feb 23, 2021 20:27


Volatility is built into the “DNA” of cryptocurrencies; investors and traders should not worry about the price drops earlier this week, said Frank Holmes, executive chairman of HIVE Blockchain Technologies. Speaking on Ethereum and DeFi, Holmes said “I think that this is a phenomenal industry, and there's going to be many new derivatives come from it, and it has nothing but blue sky, but extremely volatile.”

Palisade Radio
Frank Holmes: Gold and Bitcoin to the Moon

Palisade Radio

Play Episode Listen Later Nov 26, 2020 27:59


Tom welcomes back Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors. Frank discusses why the election results and a split house may be the perfect scenario for the stock market and the ideal scenario for gold. G20 Central bankers have been functioning as a cartel since 2008 by synchronizing taxation and regulation. Now they are playing with MMT, zero interest rates, and monetary stimulus. However, they have redefined the CPI, and today if you use the old model, inflation is running at close to eight percent. Smart people are buying real assets like art, gold, silver, mining equities, and bitcoin. Frank discusses the PMI index and how it reflects forward industrial demand. He expects a robust economy over the next six months. The government is spending trillions, and when that happens, gold rises dramatically. Gold could quickly go to $4000 due to the amount of debt creation. Frank points out that gold has been positive 17 years out of the last 21 and has outperformed the S&P 500 by 2.5 times. This lockdown has brought many Millenials to invest in the more speculative side of the stock market. Many are investing in ETF's and junior stocks. Gold stocks are showing up along with other common stocks due to their free-cash-flow. Institutions and big investors are starting to take notice. Frank discusses the crypto markets and how Hive Blockchain is performing very well as a stock market proxy for Bitcoin and Ethereum. Talking Points From This Episode Politics, Media and SentimentCentral Banks, MMT & CPIMoney Printing and Gold to 4KBitcoin, Gold, and Mining Equities Time Stamp References:0:00 - Introduction0:50 - Election Outcome1:44 - Stimulus, MMT, and equities.4:42 - Capital/Bonds Changing6:15 - PMI Index & Commodities8:26 - Debt Creation and Gold11:05 - Millenials & Liquidity13:40 - Free-Cash-Flow in Mining16:05 - Majors Going Mainstream16:40 - Euphoric Media & Markets18:42 - Royalty Companiesd22:43 - Bitcoin & Hive Blockchain26:00 - Gold & Bitcoin Guest Links:USFunds Twitter: https://twitter.com/USFundsUSGlobal ETFs Twitter: https://twitter.com/usglobaletfsFacebook: https://www.facebook.com/pages/US-Global-Investors/77329765099Website: http://usfunds.com Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm's chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal, and in 2011 he was named a U.S. Metals and Mining "TopGun" by Brendan Wood International. In 2016, Mr. Holmes and portfolio manager Ralph Aldis received the award for Best Americas Based Fund Manager from the Mining Journal. He is also the co-author of The Goldwatcher: Demystifying Gold Investing. More than 30,000 subscribers follow his weekly commentary in the award-winning Investor Alert newsletter, read in over 180 countries. Under his guidance, the company's mutual funds have received recognition from Lipper and Morningstar; two trusted independent financial authorities. In 2015, Mr. Holmes led the company into the exchange-traded fund (ETF) business with the U.S. Global Jets ETF launch, which invests in the global airline sector. In 2017, U.S. Global Investors made a strategic investment in HIVE Blockchain Technologies, listed in Toronto, and Mr. Holmes was appointed non-executive Chairman of the Board. Mr. Holmes was awarded the Huron Medal of Distinction from Huron University College in 2013, his alma mater for the class of 1978. This award recognizes individuals whose life achievements set an example of excellence and reflect Huron's arts and social sciences missions. Mr. Holmes is a native of Toronto and is a graduate of the University of Western Ontario with a bachelor's degree in economics. He is a former president and Chairman of the Toronto Society of the Investment Dealers Association. Mr.

The CryptoCurrencyWire Videos Podcast
The Wild West Crypto Show Shines Spotlight on “Bitcoinizing” in Venezuela | CryptoCurrencyWire on The Wild West Crypto Show | Episode 117

The CryptoCurrencyWire Videos Podcast

Play Episode Listen Later Jul 28, 2020 6:32


Jonathan Keim, communications director of CryptoCurrencyWire, appeared to give his usual weekly news update. He got the ball rolling with a headline that should put developers in good spirits: “Algorand Provides Native Support of the Pocket Network's Next-Generation Decentralized Infrastructure” (http://ccw.fm/uukO0). Pocket Network is a decentralized infrastructure platform for the development of peer-to-peer applications. Algorand's involvement means that developers will have easier access to the platform, which, by virtue of being decentralized, should reduce costs, improve scalability and security, and provide a wider range of blockchain development tools. Algorand is the world's first open-source, permissionless, pure, proof-of-stake blockchain protocol. Next Keim reported on developments in the crypto-mining space: “HIVE Blockchain Continues Increasing Bitcoin Mining Power Through Additional Purchase of Next-Generation Miners for Green Energy-Powered Quebec Facility” (http://ccw.fm/oXeVl). HIVE Blockchain Technologies plans to add 200 Bitmain Antminer S17e 60 Terahash per second (TH/s) SHA 256 mining machines to its Quebec operations, adding to the 750 Bitmain S17+ Antminer machines previously acquired. HIVE also owns digital-currency mining facilities in Sweden and Iceland. The company focuses primarily on the production of Bitcoin and Ethereum.   Finally, security software superstar John McAfee is back in the news, after launching the world's first private cell phone data service (http://ccw.fm/yB18m). McAfee claims his Ghost Cell Phone Data Service will be the first 4G data service to make connections to the network untraceable. The phone will employ a software SIM instead of a physical one. A special network will deploy a range of cryptographic techniques to ensure that connections can't be tracked. The system will support VOIP and other IP-based communication platforms. McAfee is inviting members of the media to beta test the service, which he plans to launch globally in September. McAfee is something of a curiosity in Silicon Valley, at least partially because he has orchestrated two unsuccessful presidential campaigns. For the latest episode of the Wild West Crypto Show, which includes CryptoCurrencyWire's ongoing segment featuring the most recent news from around the world, visit http://ccw.fm/NN96V.

Palisade Radio
Frank Holmes: We Will Easily see $2000 Gold in 2020

Palisade Radio

Play Episode Listen Later Jul 15, 2020 30:06


Tom welcomes returning and always interesting guest Frank Holmes. Frank is the CEO and Chief Investment Officer of U.S. Global Investors. Frank discusses how the fifty and two hundred day moving averages act as essential signals for big institutional money. When these signals cross, they start to notice since they prefer to having the wind in their sails. Gold has recently broken through a nine-year high as the fear trade is active due to the Fed's excessive printing. Gold will be the best currency going into 2021, and $2000 gold seems inevitable for this year. Frank discusses the proven manipulation in the futures market and the comments on the lack of prosecution. Many Millenials being stuck at home have taken up trading during this pandemic. The Jets ETF has seen significant investment by this generation in recent months. It seems at least some of the Millenials are taking it upon themselves to learn and investigate markets while teaching others via various social platforms. Time Stamp References:0:44 - Technicals and moving averages.2:45 - China, India and the gold trade.7:15 - Futures and commodity manipulation.11:40 - What makes royalty companies attractive.16:20 - Mining and socialist governments.18:30 - Best performing commodities.20:18 - Healthy stock eco-system.22:00 - Millenials taking an interest in stocks.25:45 - Education and facts for new investors.28:00 - Juniors and good corporate governance. Talking Points From This Episode Big institutions are taking notice of gold.Outlook for gold for the remainder of this year.Commodity manipulation and the futures markets.Why we need investment in junior miners.Millenials are taking a keen interest in undervalued assets. Guest Links:USFunds Twitter: https://twitter.com/USFundsUSGlobal ETFs Twitter: https://twitter.com/usglobaletfsFacebook: https://www.facebook.com/pages/US-Global-Investors/77329765099 Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm's chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal, and in 2011 he was named a U.S. Metals and Mining "TopGun" by Brendan Wood International. In 2016, Mr. Holmes and portfolio manager Ralph Aldis received the award for Best Americas Based Fund Manager from the Mining Journal. He is also the co-author of The Goldwatcher: Demystifying Gold Investing. More than 30,000 subscribers follow his weekly commentary in the award-winning Investor Alert newsletter, read in over 180 countries. Under his guidance, the company's mutual funds have received recognition from Lipper and Morningstar; two trusted independent financial authorities. In 2015, Mr. Holmes led the company into the exchange-traded fund (ETF) business with the U.S. Global Jets ETF launch, which invests in the global airline sector. In 2017, U.S. Global Investors made a strategic investment in HIVE Blockchain Technologies, listed in Toronto, and Mr. Holmes was appointed non-executive Chairman of the Board. Mr. Holmes was awarded the Huron Medal of Distinction from Huron University College in 2013, his alma mater for the class of 1978. This award recognizes individuals whose life achievements set an example of excellence and reflect Huron's arts and social sciences missions. Mr. Holmes is a native of Toronto and is a graduate of the University of Western Ontario with a bachelor's degree in economics. He is a former president and chairman of the Toronto Society of the Investment Dealers Association. Mr. Holmes is a much-sought-after keynote speaker at national and international investment conferences. Mr. Holmes is a regular commentator on the financial television networks CNBC, Bloomberg, BNN and Fox Business, and has been profiled by Fortune and The Financial Times. His thoughts on gold are captured each week on a Gold Game Film progr...

The CryptoCurrencyWire Videos Podcast
Cryptos Recovering: BTC Bounces Back Up | CryptoCurrencyWire on The Wild West Crypto Show | Episode 103

The CryptoCurrencyWire Videos Podcast

Play Episode Listen Later Apr 3, 2020 7:28


Cryptos seems to be tracking fairly close to the stock market, with bitcoin leading the way. After falling to $4,600, the cryptocurrency is now back up to around $7,000. On episode 103 of the Wild West Crypto Show, host Drew Taylor cheered the good news. Co-host Brent Bates, who may have been practicing social distancing, was absent. Jonathan Keim, communications director of CryptoCurrencyWire, had, as usual, the real news. He started his weekly update with the headline that Cryptologic Corp. (CSE: CRY) had agreed to sell its 30-megawatt bitcoin mining facility. The company has decided to dispose of its crypto mining assets and is presently exploring acquisition opportunities in sectors outside of cryptocurrency mining. The buyer, HIVE Blockchain Technologies, is a growth-oriented, TSX Venture Exchange-listed company that is building a platform it hopes will link the blockchain sector to traditional capital markets. HIVE owns state-of-the-art, GPU-based digital-currency mining facilities in Iceland and Sweden, which produce newly minted digital currencies such as Ethereum (http://ccw.fm/bp2ZB). In Europe, crypto developments are indeed racing ahead. The Coinfield-Sologenic consortium has announced a list of 30 global securities exchanges, the assets of which are now available for tokenization (http://ccw.fm/8oNQH). Together, these exchanges trade more than 40,000 traditional assets such as stocks, ETFs and commodities. Tokenization involves the digital representation – and often the fractionalization – of securities or other assets. The process is ideal for pricey stocks such as Alphabet (NASDAQ: GOOG), currently priced at around $1,195, and Berkshire Hathaway (NYSE: BRK.A), which usually trades above $300,000. Keim's roundup ended with the announcement of the cryptocurrency and blockchain industry's most ambitious virtual conference experience (http://ccw.fm/3NEda). Event organizers of the Virtual Blockchain Week, slated for April 26 to May 2, have published details of the event, including speakers. Hosted by Joel Comm and Travis Wright of the Bad Crypto Podcast, the online conference can be accessed at VirtualBlockchainWeek.com; registration is free.

ABN Newswire Finance Video
Ellis Martin Report: US Global Investors' Frank Holmes on Blockchain, Crypto Currency and Gold>

ABN Newswire Finance Video

Play Episode Listen Later Dec 19, 2019 7:04


Finding Genius Podcast
Financial Transactions – Frank Holmes, HIVE Blockchain Technologies Ltd. – Blockchain, Bitcoin, and The Changing Financial Landscape

Finding Genius Podcast

Play Episode Listen Later Mar 22, 2019 23:20


Frank Holmes, Interim Executive Chairman of HIVE Blockchain Technologies Ltd.'s board of directors, provides an analysis of blockchain, bitcoin, and the future of finance. Holmes is a seasoned investor and financial strategist. Throughout his illustrious career, he has helmed many financial entities, and is currently the chief executive and chief investment officer at U.S. Global Investors, a forward-thinking mutual fund and asset management firm.  Holmes talks about his background in finance. As a young analyst, he transitioned into corporate finance and pushed forward until he took his first company public. He became well known in the gold funds market and eventually discovered bitcoin and that was the beginning of his passion for the new currency. His excitement over the processing of these transactions led him to launch a company in the space. Holmes' passion for emerging financial markets is perfectly matched to his current role directing the board of directors at HIVE Blockchain Technologies Ltd., and he is leading the company forward evidenced by their significant innovation in the market. HIVE is a growth-oriented, TSX.V-listed company that has built a bridge from the blockchain sector to traditional capital markets. HIVE's team seeks to create significant long-term shareholder value. HIVE has formed a solid partnership with Genesis Mining Ltd. to create the next wave of blockchain infrastructure.  HIVE even owns the actual GPU-based digital currency mining facilities in Iceland and Sweden that produce these new digital currencies like Ethereum. Holmes discusses HIVE's place in the market as a proxy, and he explains the interconnectedness of HIVE to the market, in terms of flow. He discusses the enthusiasm globally for blockchain, and he outlines the arrival of the JP Morgan coin that is backed by US dollars. Holmes goes on to explain regulations and speculation as they relate to investor interests. And he talks about the benefits of cash trades in the market and the future of emerging financial markets. Holmes discusses the mobile gaming industry and the astronomical revenue that is pushing that industry. Wrapping up, Holmes discusses volatility in the markets and how to steer in the right direction to financial stability as technology changes everything in our world. Holmes is a regular keynote speaker at various international investment conferences and his popular “Frank Talk” CEO blog is one of the most read in the financial industry.

Silver Bullion TV (SBTV)
15 Frank Holmes - HIVE Blockchain, Crypto Mining in Iceland

Silver Bullion TV (SBTV)

Play Episode Listen Later Jul 11, 2018 34:26


SBTV spoke with Frank Holmes, CEO of US Global Investors and Chairman of HIVE Blockchain Technologies to find out more about HIVE Blockchain and his views on the future of cryptocurrencies.

ceo iceland hive cryptomining blockchain crypto sbtv frank holmes hive blockchain technologies us global investors
Silver Bullion TV (SBTV)
15 Frank Holmes - HIVE Blockchain, Crypto Mining in Iceland

Silver Bullion TV (SBTV)

Play Episode Listen Later Jul 11, 2018 34:26


SBTV spoke with Frank Holmes, CEO of US Global Investors and Chairman of HIVE Blockchain Technologies to find out more about HIVE Blockchain and his views on the future of cryptocurrencies.

ceo iceland hive cryptomining blockchain crypto sbtv frank holmes hive blockchain technologies us global investors
Wall Street Unplugged - What's Really Moving These Markets
Crypto Intelligence is About to Go Live (Ep. 621)

Wall Street Unplugged - What's Really Moving These Markets

Play Episode Listen Later Jun 6, 2018 61:13


The countdown is on... Today, I’ll give you the scoop on Crypto Intelligence, Curzio Research’s brand new crypto newsletter. As you’ll see, this newsletter is unlike anything else in our industry, giving subscribers a unique entry to this incredible growth sector...  The editor of this product is a hedge fund veteran with over 25 years of private equity experience. His system reduces risk… while giving subscribers the opportunity to generate life-changing gains. Subscribers will gain access to ICOs (initial coin offerings) and STOs (security token offerings), where tokens represent equity and give shareholders rights―similar to investing in a private placement. Crypto Intelligence also includes real model-based analysis on cryptocurrencies. Plus, all subscriptions include access to our invaluable training videos. These step-by-step guides show you how to: Open a cryptocurrency trading account Fund the account Create a Bitcoin and Ethereum wallet Invest in just about any cryptocurrency Later on, I interview Frank Holmes, chairman of HIVE Blockchain Technologies. HIVE was one of the first crypto data mining companies to trade on a public exchange. On this week’s show, Holmes talks about the next growth phase in cryptocurrencies and the benefits of new regulation… which will likely result in tens of millions of institutional dollars flowing into this market. He also shares some interesting stats… including how crypto exchanges are doing more volume than firms like Charles Schwab… and why this volume is not expected to slow any time soon. Finally, Holmes shares his thoughts on Ethereum... and why this cryptocurrency is about to surge. P.S. If you haven't already signed up for Barry Cohen's (ep. 618 guest) FREE educational series, The Future of Cryptocurrencies: Why What Comes Next Promises Even Bigger Gains Than 2017, this is your last chance—it goes offline tomorrow. so you don't miss out.

Sovereign Man
077: The reason why ICOs have been going through the roof…

Sovereign Man

Play Episode Listen Later Sep 22, 2017 68:19


First it was Pets.com, and all the unbelievably stupid Internet businesses in the 1990s. Investors were so eager to buy dot-com stocks, all you had to do was put an “e” in front of your business or product and you’d immediately be worth millions. It didn’t matter that most of these companies didn’t make any money. Investors kept buying. Later on after the dot-com bubble burst, another big craze developed in junior mining stocks-- shares of small exploration companies looking for big mineral deposits. The epicenter of the junior mining industry is in Vancouver, Canada, and the stock exchange there (TSX-V) throttled to record highs. Shares of companies with literally no profits, no revenue, and no assets were worth tens of millions of dollars. Then that bubble burst. A few years later, a new hot craze developed-- in cannabis companies. The market has been flooded with companies (many of them curiously based in Canada’s poor climate and high cost structure) with plans to grow medicinal marijuana. Their stock prices have soared, with valuations in some cases exceeding $1 billion. Every time the bubble bursts with these big trends, most of the companies get wiped out. Only a handful survive-- primarily the ones who focused on building long-term, sustainable businesses instead of chasing a quick buck. From the ashes of the dot-com bubble, companies like Amazon, Godaddy, eBay, etc. emerged in-tact and are still successful today. Similarly, while many junior mining companies went completely bust, a handful are still operating and quite profitable. And there will be a few extremely successful cannabis companies over the next several years who step over the remains of their innumerable, defunct competitors. Clearly today’s big craze is crypto and blockchain. Like the dot-com bubble in the 90s, you could add the concept of blockchain to just about anything and have a ‘business’ worth millions, no matter how idiotic the original idea. (Someone will soon pitch me an idea for an app to publish grocery lists into the blockchain. It’s absurd.) And like all the other big investment fads in the past, most of the companies in this space won’t exist a few years from now. There are lot of reasons for that, starting with the fact that building a business is hard. I’ve done it successfully a few times. And unsuccessfully more times that I care to remember: it’s incredibly difficult, so the odds are against most of these companies anyhow. But more importantly, these big investment fads always attract people looking to make a quick buck. And that doesn’t work in the long-run. Case in point: earlier this week a company called HIVE Blockchain Technologies went public. It’s stock price is already up over 3x… since MONDAY, from an opening of 62 cents to $1.89. Just prior to that, the company closed a private placement at 30 cents… and a few months ago the company was selling shares between 1 and 3 cents. In other words, a handful of speculators made more than 600x their money in just a few months with a company that has ZERO revenue, simply because ‘Blockchain’ is so popular right now. This has become the norm in the world of crypto and blockchain. ICOs, another hot crypto fad, have been racking up huge returns of their own. ‘Tokens’ issued by crypto startups that have no profit or revenue are seeing similar gains of 2x to 10x or more in a very short period of time. In the case of HIVE, the company is in the business of mining cryptocurrency. And based on its current stock price, HIVE is worth close to $400 million. Yet its own financial statements report that they have not generated a penny in revenue. What’s more, the company’s “illustrative results” show that they -could- make around $7 million per year. So investors are already paying 57x that amount before the company even gets started. Even more curious,

Sovereign Man
077: The reason why ICOs have been going through the roof…

Sovereign Man

Play Episode Listen Later Sep 22, 2017 68:19


First it was Pets.com, and all the unbelievably stupid Internet businesses in the 1990s. Investors were so eager to buy dot-com stocks, all you had to do was put an “e” in front of your business or product and you'd immediately be worth millions. It didn't matter that most of these companies didn't make any money. Investors kept buying. Later on after the dot-com bubble burst, another big craze developed in junior mining stocks-- shares of small exploration companies looking for big mineral deposits. The epicenter of the junior mining industry is in Vancouver, Canada, and the stock exchange there (TSX-V) throttled to record highs. Shares of companies with literally no profits, no revenue, and no assets were worth tens of millions of dollars. Then that bubble burst. A few years later, a new hot craze developed-- in cannabis companies. The market has been flooded with companies (many of them curiously based in Canada's poor climate and high cost structure) with plans to grow medicinal marijuana. Their stock prices have soared, with valuations in some cases exceeding $1 billion. Every time the bubble bursts with these big trends, most of the companies get wiped out. Only a handful survive-- primarily the ones who focused on building long-term, sustainable businesses instead of chasing a quick buck. From the ashes of the dot-com bubble, companies like Amazon, Godaddy, eBay, etc. emerged in-tact and are still successful today. Similarly, while many junior mining companies went completely bust, a handful are still operating and quite profitable. And there will be a few extremely successful cannabis companies over the next several years who step over the remains of their innumerable, defunct competitors. Clearly today's big craze is crypto and blockchain. Like the dot-com bubble in the 90s, you could add the concept of blockchain to just about anything and have a ‘business' worth millions, no matter how idiotic the original idea. (Someone will soon pitch me an idea for an app to publish grocery lists into the blockchain. It's absurd.) And like all the other big investment fads in the past, most of the companies in this space won't exist a few years from now. There are lot of reasons for that, starting with the fact that building a business is hard. I've done it successfully a few times. And unsuccessfully more times that I care to remember: it's incredibly difficult, so the odds are against most of these companies anyhow. But more importantly, these big investment fads always attract people looking to make a quick buck. And that doesn't work in the long-run. Case in point: earlier this week a company called HIVE Blockchain Technologies went public. It's stock price is already up over 3x… since MONDAY, from an opening of 62 cents to $1.89. Just prior to that, the company closed a private placement at 30 cents… and a few months ago the company was selling shares between 1 and 3 cents. In other words, a handful of speculators made more than 600x their money in just a few months with a company that has ZERO revenue, simply because ‘Blockchain' is so popular right now. This has become the norm in the world of crypto and blockchain. ICOs, another hot crypto fad, have been racking up huge returns of their own. ‘Tokens' issued by crypto startups that have no profit or revenue are seeing similar gains of 2x to 10x or more in a very short period of time. In the case of HIVE, the company is in the business of mining cryptocurrency. And based on its current stock price, HIVE is worth close to $400 million. Yet its own financial statements report that they have not generated a penny in revenue. What's more, the company's “illustrative results” show that they -could- make around $7 million per year. So investors are already paying 57x that amount before the company even gets started. Even more curious,

Sovereign Man
077: The reason why ICOs have been going through the roof…

Sovereign Man

Play Episode Listen Later Sep 22, 2017 68:19


First it was Pets.com, and all the unbelievably stupid Internet businesses in the 1990s. Investors were so eager to buy dot-com stocks, all you had to do was put an “e” in front of your business or product and you'd immediately be worth millions. It didn't matter that most of these companies didn't make any money. Investors kept buying. Later on after the dot-com bubble burst, another big craze developed in junior mining stocks-- shares of small exploration companies looking for big mineral deposits. The epicenter of the junior mining industry is in Vancouver, Canada, and the stock exchange there (TSX-V) throttled to record highs. Shares of companies with literally no profits, no revenue, and no assets were worth tens of millions of dollars. Then that bubble burst. A few years later, a new hot craze developed-- in cannabis companies. The market has been flooded with companies (many of them curiously based in Canada's poor climate and high cost structure) with plans to grow medicinal marijuana. Their stock prices have soared, with valuations in some cases exceeding $1 billion. Every time the bubble bursts with these big trends, most of the companies get wiped out. Only a handful survive-- primarily the ones who focused on building long-term, sustainable businesses instead of chasing a quick buck. From the ashes of the dot-com bubble, companies like Amazon, Godaddy, eBay, etc. emerged in-tact and are still successful today. Similarly, while many junior mining companies went completely bust, a handful are still operating and quite profitable. And there will be a few extremely successful cannabis companies over the next several years who step over the remains of their innumerable, defunct competitors. Clearly today's big craze is crypto and blockchain. Like the dot-com bubble in the 90s, you could add the concept of blockchain to just about anything and have a ‘business' worth millions, no matter how idiotic the original idea. (Someone will soon pitch me an idea for an app to publish grocery lists into the blockchain. It's absurd.) And like all the other big investment fads in the past, most of the companies in this space won't exist a few years from now. There are lot of reasons for that, starting with the fact that building a business is hard. I've done it successfully a few times. And unsuccessfully more times that I care to remember: it's incredibly difficult, so the odds are against most of these companies anyhow. But more importantly, these big investment fads always attract people looking to make a quick buck. And that doesn't work in the long-run. Case in point: earlier this week a company called HIVE Blockchain Technologies went public. It's stock price is already up over 3x… since MONDAY, from an opening of 62 cents to $1.89. Just prior to that, the company closed a private placement at 30 cents… and a few months ago the company was selling shares between 1 and 3 cents. In other words, a handful of speculators made more than 600x their money in just a few months with a company that has ZERO revenue, simply because ‘Blockchain' is so popular right now. This has become the norm in the world of crypto and blockchain. ICOs, another hot crypto fad, have been racking up huge returns of their own. ‘Tokens' issued by crypto startups that have no profit or revenue are seeing similar gains of 2x to 10x or more in a very short period of time. In the case of HIVE, the company is in the business of mining cryptocurrency. And based on its current stock price, HIVE is worth close to $400 million. Yet its own financial statements report that they have not generated a penny in revenue. What's more, the company's “illustrative results” show that they -could- make around $7 million per year. So investors are already paying 57x that amount before the company even gets started. Even more curious,