Bitcoin is now accepted as a form of payment via both PayPal and Visa. Frank Holmes, CEO of U.S. Global Investors said that this was the result of increased adoption.
“I think this adoption process is accelerating,” Holmes said. “Metcalfe’s law says that as adoption accelerates, you get these exponential moves in the underlying crypto.”
0:00 – Bitcoin as accepted form of payment
2:44 – Metcalfe’s Law
6:38 – Bitcoin as a form of payment
9:44 – Other cryptos as a form of payment
11:14 – Impact on price
13:15 – Measuring inflation
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit
Follow us on social media:
Live gold price and charts:
Live silver price and charts:
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.