Markets are hitting record highs, with Frank Holmes, CEO of U.S. Global Investors, saying fiscal policy is the bigger risk than a credit meltdown. He dismissed comparisons to 2008 crisis, citing healthier balance sheets. Monetary conditions are easing with falling rates, not crashing.

Holmes sees fiscal policy as the key risk factor for assets, with taxes and spending as crucial choices. Gold and Bitcoin shine in times of imbalance. Markets can quickly reprice, as seen with tariff wars. Tech and AI rally is not a dot-com bubble, with revenue and cash flow driving growth.

Energy and infrastructure spending is evident, with Bitcoin miners leading in repurposing surplus power. Investors should focus on fiscal levers like taxes and regulations, rather than banking collapse. Holmes remains bullish on Bitcoin and high-performance computing.

Read more at Yahoo Finance: Major trigger Holmes believes could derail the bull run