Investor Bill Miller calls $ 9,000 safe for Bitcoin

06/27/2020

Alex Kondratyuk

Famous Americaninvestor Bill Miller, during the FutureProof webcast, expressed optimism about the future prospects of the first cryptocurrency, calling the current levels near $ 9,000 "safe as ever."

Drawing attention to the low volatility and relatively narrow trading range of BTC, Miller stated the following:

"I think the current price of around $ 9,000 is as safe as ever."

The head of Miller Value Partners also expressed surprise that financial analysts do not advise clients to keep at least 1% of their assets in bitcoin. Miller added that he hasn't sold any of his BTCs yet.

He first entered the first cryptocurrency when it was trading at the $ 200 mark. After the collapse of Mt. Gox, he bought more bitcoins for $ 500. Thus, the average price of his investment was approximately $ 300.

In total, according to Miller, he invested 1% of his net assets in bitcoin. Now the founder of Miller Value Partners is well over 60 and calls himself a "bitcoin expert".

We will remind, recently the head of Galaxy Digital Mike Novogratz predicted the timing for a new rally in Bitcoin, driven by institutional investors.