Bitcoin and Ethereum started the weekend with a bullish run. After hitting all-time highs of $68,789, the leading cryptocurrency lost nearly $10,000 and is currently trading at $58,476, according to data from Coinmarketcap.

Ethereum, on the other hand, was trading at $ 4,276, gaining more than 5% in the last 24 hours. Ether is also trying to compensate for the decline it experienced after ATH of $ 4,859.

Frank Holmes, CEO of United States Global Investors and President of US Global Investors, announced his long-term forecast for Bitcoin and Ethereum covering the next 10 years. Holmes said that the flagship cryptocurrency could appreciate about 1600% from current levels over the next decade. He attributed the reason for this prediction to Bitcoin's stable supply and increasing adoption rate.

Drawing attention to the Bitcoin ETF, Holmes thinks that the ETF will contribute more to the global adoption of Bitcoin. Claiming that if this adoption increases at this rate, it would not be a surprise for BTC to reach the million dollar level, Holmes also said exciting words about Ethereum. Holmes stated that he would not be surprised if Ethereum also gained 2.250% from its current levels during this time.