January 23, 2022

Bill Miller invested 50% of his money in Bitcoin

Billionaire investor Bill Miller is bullish on Bitcoin despite the fact that cryptocurrency hit multi-month lowsbelow $ 40,000. Moreover, he considers himself not just an observer, but a real cryptan bitcoin bull. At least that's how he described himself in an interview with WealthTrack.

Miller said that he holds 50% of the capital inBitcoin and related investments in large industry firms such as Michael Saylor's MicroStrategy and BTC mining company Stronghold Digital Mining. The rest of Miller's portfolio, almost without exception, is Amazon stock.

A visionary billionaire his first bitcoinacquired back in 2014, when the first cryptocurrency could be bought for $ 200, then Miller bought in addition when bitcoin rose to $ 50. The investor did not buy it for many years, and then bought it for $ 30,000.

“This time I started buying it again for $ 30.000 (after rising to $ 66,000), and the reason was that many more people use it and a lot more money comes from the venture capital world. "

According to Miller, he bought an impressivethe number of bitcoins. The billionaire views digital gold as a “financial disaster insurance policy” and a powerful investment vehicle that surpasses real gold. Not the last argument for the investor was the limited emission of bitcoin.

Miller recommended that investors invest at least 1% of their assets in Bitcoin:

“I think every investor should askhimself, which in his portfolio has the following properties: the first of its kind; very, very underestimated; can be a way to hedge against financial disaster that no one else can provide; and can grow ten or fifty times. The answer is simple: nothing. "

In 2018, Miller, who had invested over $ 1 billion in bitcoin by then, said:

“Cryptocurrency is an interesting technologicalexperiment. We don’t know yet what will come of it. But right now, when bitcoin is worth $ 7,800, or how much it is worth at the moment, this asset is less risky than when it was trading at the $ 100 level. Every day of Bitcoin's existence means new investments in this platform. "

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