Bitcoin’s current bull cycle may not have a ceiling at all, according to HIVE Executive Chairman Frank Holmes.

In a conversation on TheStreet Roundtable Gokhshtein Media founder David Gokhshtein, Holmes dismissed the idea of Bitcoin peaking anytime soon — arguing that it will continue to rise like gold has over the past two decades.

“I don’t think it tops out,” Holmes said. “You’re just going to continuously have it moving higher.”

He compared Bitcoin’s long-term trend to gold, which he says has steadily advanced for 25 years despite repeated market corrections. “ Gold has been positive 80% of the time this century,” Holmes explained. “Bitcoin, since it was launched in January of 2009, has far outperformed as an asset class.”

Gokhshtein asked whether Bitcoin might follow gold’s trajectory post-ETF approval, when the precious metal experienced a multi-year rally. Holmes said yes — but with even greater upside, especially as central banks lean into modern monetary theory and continue printing money.

“As long as these governments keep pushing modern monetary theory… gold will be an attractive asset class for central bankers,” Holmes said. “And over time… Bitcoin will have that adoption. When that happens, you’re going to get these exponential moves… overnight it’s gone up exponentially.”

As markets churn and altcoins remain in the background, Holmes praised Bitcoin’s stability during recent volatility. “It’s so resilient,” he said.

To explain Bitcoin’s strength, Holmes drew on a sci-fi analogy: “From the early Star Trek programs and Star Wars — they had the force shield around them… a missile would hit, the force shield would sort of bend in, then come right back out. And that’s Bitcoin.”

HIVE Digital Technologies Ltd. is a Canadian company specializing in sustainable digital infrastructure, focusing on Bitcoin mining and high-performance computing (HPC) powered by green energy sources.

At the time of writing, Bitcoin (BTC) was down 2.6%, trading at $77,461.18, according to Kraken price feeds.