(Kitco News) - Ethereum is going to be the next cryptocurrency to explode tothe upside, Frank Holmes, CEO, and CIO of U.S. Global Investors predicts.Ethereum, the second most-valuable cryptocurrency behind Bitcoin, is already up830 percent for the past year.Holmes, who is also the Executive Chairman of HIVE Blockchain,spoke to David Lin, Anchor for Kitco News. HIVE Blockchain is the firstpublicly traded crypto miner listed on the Toronto Venture Exchange.Holmes compared the phenomena of when there is a run up on gold,and then silver follows -- to the same phenomena happening to Bitcoin and Ethereum. "When gold goes to a 50 day moving average, and it goes up 15-20percent, silver all of a sudden surges 30 percent. Ethereum is to Bitcoin -- islike silver is to gold," he explained. "Bitcoin makes the big charge, then allof a sudden Ethereum explodes to the upside. That's the sweet spot for us.""The biggest challenge we have mining for Ethereum is that somany young people have GPU chips for gaming, and they are all mining Ethereum so we get less coins. Our prices are up dramatically from a year ago, but themachines that used to produce 300 Ethereum a day when Ethereum was $300 -- arenow producing 80 a day," Holmes emphasized. "Our net revenue or gross revenueis higher because all these gamers around the world are in crypto. Gaming as awhole is a $600 billion business."Holmes said his biggest concern for Ethereum is that "we aregoing from proof of work, which is mining and validating the encryption, toproof of stake. But it hasn't happened -- every upgrade -- all it does isshrink the supply outside, but it doesn't stop the demand and people mining forit," he said. "It's actually much more decentralized around the world thanBitcoin miners are."He explained why he is so bullish on Ethereum. "It is a smartcontract -- Ethereum has many more uses than Bitcoin does, the same way silverdoes -- 20 percent of demand for silver is for solar energy. It has a greenfootprint, viruses can't live on silver, it has many medical uses, etc.,"Holmes added. "The same thing with Ethereum, it is used for DeFi, for NFT'S. It'sa much more important backbone for growth in blockchain." But Holmes said Bitcoin has positive attributes too. "Bitcoin isa store of value. Its greatest asset is its ability to transfer immediately andcheaply versus traditional transfers of money like Western Union. So, remittancebetween developed nations and developing nations is a classic reason whyBitcoin is a superior way of moving money," he said.Holmes encourages young and aggressive investors to own bothBitcoin and Ethereum. "Gold is a great trade for the conservative or olderinvestor, but it has lagged the markets on a relative basis for the moneyprinting. Gold should have a projectile potential for $3,000 an ounce in the shortperiod," Holmes said. For more on Holmes' view oninvesting, watch the full video above. Follow David Lin on Twitter@davidlin_TV.By Kitco News For Kitco NewsFollow @kitconewsnownewsfeedback@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.