Bitcoin at $1M? ‘At one penny a satoshi, it’s inevitable’ — Top mining exec

Frank Holmes, executive chairman of Hive Digital Technologies Ltd.,a Bitcoin mining company, believes Bitcoin's path to $1 million is inevitable as adoption grows

Frank Holmes, executive chairman of Hive Digital Technologies Ltd. (NASDAQ:HIVE), believes that Bitcoin’s path to $1 million is “inevitable” due to increasing adoption and the emergence of new use cases, such as Bitcoin inscriptions.

Speaking on Friday’s edition of Roundtable, Holmes was asked to elaborate on his previous statement that Bitcoin could reach seven figures.

“I was asked, ‘Why [Bitcoin] to a million dollars?’ And I said the invention, creation of Ordinals, demonstrated that to me,” Holmes explained.

Emphasizing the value of Bitcoin’s smallest unit, he noted that “one Bitcoin, as you know, is a hundred million Satoshis. And those Satoshis are 0 cents.”

“And we were offered — for certain numbers, like 1234 — a quarter million dollars, like more than $10 a Satoshi for these numbers,” Holmes added.

The mining executive went on to compare this potential price increase to the idea that individual Satoshis could be worth one cent each in the future.

“At one penny a Satoshi, Bitcoin’s a million dollars,” Holmes said. “But we’ve been offered $10 for several of our Satoshis, a quarter million dollars for a basket of them.”

Holmes highlighted the role of Bitcoin’s “complex adaptive system” and increasing adoption in driving demand for the cryptocurrency.

“I think the demand will push it there. It’s inevitable at a penny a satoshi,” he concluded.

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Tokenization of AI and real-world assets

In the same episode, investor and futurist Armando Pantoja discussed the broader opportunities in crypto beyond Bitcoin’s price appreciation.

According to Pantoja, he sees the next major wave in blockchain innovation as the tokenization of real-world assets and artificial intelligence (AI) models.

“The two biggest opportunities early for crypto are tokenization of real-world assets and tokenization of AI models,” Pantoja said.

He elaborated on the latter, explaining that companies are now developing AI systems that essentially function like employees.

“For example, Jensen Huang, the CEO of Nvidia (NASDAQ:NVDA), came out and said they’re creating AI employees that essentially businesses can train like a human employee,” Pantoja noted.

“You can bring them in and have them start working for you like an accountant, customer support, or whatever you need,” he added.

Suggesting that AI models could be used to generate revenue, Pantoja continued, “I think one day, especially independent people who create AI models, they can either raise capital or they can find a way to monetize them by tokenizing that AI model.”

Highlighting the increasing viability of AI assistants, Nelson pointed to the possibility of people investing in AI models like they do in companies.

“It’s like they’ll become their own entities,” Pantoja said in response.

“An AI model can run an entire company from the CEO down. So that’s just like investing in the company,” he concluded.