As the co-founder and chairman of publicly listed bitcoin miner HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE), Frank Holmes could be considered something of a ‘bitcoin maximalist’.
At the very least, his passion for the “great digital transformation” at the heart of bitcoin’s decentralised, non-corporate-owned, non-government-dictated global network of 17,000 nodes (to paraphrase Holmes) seeps into every conversation.
Bitcoin’s algorithm is like Mozart’s Jupiter Symphony, Holmes declares, an undilutable, permissionless, cheap currency not “not backed by anything” as the critics suggest, but backed by the very energy powering this global disruptive network.
That’s to say Holmes is as passionate about the market he works in as you would expect for the head of a major company.
This passion could face a stress test in the coming months as bitcoin nears one of the biggest shake-ups since 2019.
