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GameStop plummets 64%, Robinhood restricts trading; is Bitcoin next? Frank Holmes

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GameStop (NYSE: GME) shares fell as much as 64% on Thursday as online brokers, consisting of Robinhood and Interactive Brokers, restricted trades on the stock. Frank Holmes, Chief Executive Officer of U.S. Global Investors, talks about the standard of "cost exploration" that has caused this surge in GME shares, in addition to the future of bitcoin.

0:00 – Geopolitical risks
4:00 – Bitcoin difficult gold
7:47 – GameStock and brokers
12:50 – Can bitcoin crash?
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GameStop plummets 64%, Robinhood restricts trading; is Bitcoin next? Frank Holmes

GameStop (NYSE: GME) shares fell as much as 64% on Thursday as online brokers, including Robinhood and Interactive Brokers, restricted trades on the stock. Frank Holmes, CEO of U.S. Global Investors, discusses the paradigm of “price discovery” that has led to this explosion in GME shares, as well as the future of bitcoin.

0:00 - Geopolitical risks
4:00 - Bitcoin challenging gold
7:47 - GameStock and brokers
12:50 - Can bitcoin crash?
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.