NewsCryptoFrank Holmes: They Will Print $100 Trillion — Why to Buy Bitcoin and Gold

Frank Holmes: They Will Print $100 Trillion — Why to Buy Bitcoin and Gold

Author: Bitcoin Magazine·

Key Takeaways

  • •Frank Holmes, executive chairman of HIVE Digital Technologies, argues in a new Bitcoin Magazine interview that bitcoin miners already control the power, land, and substation infrastructure that artificial intelligence requires.
  • •HIVE's entry into AI compute stemmed from repurposing GPUs that previously mined Ethereum, according to Holmes.
  • •Holmes predicts the next generation of AI factories will be built on bitcoin mining infrastructure spanning Paraguay to Canada.
  • •The interview centers on a $100 trillion money-printing thesis, citing $40 trillion of Covid-era printing and central bank gold purchases as grounds for holding bitcoin and gold.
  • •Holmes characterizes bitcoin mining operations as 'tier one' data centers, reflecting a broader sector shift in which access to power and grid infrastructure has become the key asset for both mining and AI compute.
Frank Holmes: They Will Print $100 Trillion — Why to Buy Bitcoin and Gold

Bitcoin Magazine has published a new video interview with Frank Holmes, executive chairman of HIVE Digital Technologies, titled Frank Holmes: They Will Print $100 Trillion – Why to Buy Bitcoin & Gold.

In the conversation, Holmes argues that bitcoin miners already control the power, the land, and the substations that artificial intelligence requires. He describes bitcoin mining as a "tier one" data center, explains how GPUs that once mined Ethereum led HIVE into AI, and says the next wave of AI factories will be built on mining infrastructure from Paraguay to Canada. The overlap he describes reflects a broader shift across the sector, where access to power and grid infrastructure has become the key asset for both mining and AI compute.

The $100 trillion printing thesis that gives the episode its title runs alongside chapters on how ETFs changed bitcoin demand, the $19 billion Binance liquidation, Covid-era money printing and modern monetary theory, and central banks buying gold — a macro thread that frames his case for holding bitcoin and gold. For readers tracking the mining-to-AI crossover, the Paraguay and Canada chapters are where that infrastructure argument is made most directly.

Key chapters from the episode include:

  • 0:00 – Frank Holmes on HIVE: from gold investor to bitcoin miner to AI compute
  • 2:12 – How ETFs changed bitcoin: from the fear trade to the love trade
  • 4:20 – The Binance $19 billion liquidation and the $350 trillion money supply
  • 5:45 Gamers, younger quants, and why bitcoin will keep gaining adoption
  • 7:29 – Covid's $40 trillion of money printing and the global MMT risk
  • 9:24 – China, Russia, and why bitcoin is a tier one data center
  • 11:33 – China's bitcoin mining, $1.4 trillion of lending, and central banks buying gold
  • 13:44 – Paraguay's central bank and bitcoin mining as an export
  • 14:57 – Compute as a commodity: Canada's AI push and bitcoin miners' power advantage
  • 20:34 – Where to find Frank Holmes's Weekly Investor Alert newsletter

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This post Frank Holmes: They Will Print $100 Trillion – Why to Buy Bitcoin & Gold first appeared on Bitcoin Magazine and is written by Patrick Green.