In a bold live appearance on Schwab, Holmes — a prominent investor managing $2.6 billion in assets under management (AUM) — made headlines by declaring that Bitcoin could soar to $500,000 before the end of this year.
Holmes’ statement, delivered during a live broadcast, underscored growing institutional confidence in Bitcoin as both a store of value and a long-term investment vehicle. While the prediction may sound ambitious, it comes at a time when several market indicators — from rising ETF inflows to increased global adoption — are aligning in Bitcoin’s favor.
READ ALSO: VIDEO: Druze Man Allegedly Slaughtered by Bedouin Tribesman Near Sweida
“Bitcoin is no longer just a speculative asset,” Holmes said. “It’s becoming a cornerstone in diversified portfolios, and the momentum we’re seeing could push it to half a million dollars this year.”
The crypto community has reacted with excitement, with some seeing Holmes’ comments as validation of long-held bullish projections. Meanwhile, skeptics remain cautious, pointing to macroeconomic uncertainties and potential regulatory headwinds as factors that could temper Bitcoin’s rise.
Be the first to know. Tap to join us on Telegram.
Discover more from Scoop Hub
Subscribe to get the latest posts sent to your email.