Legendary investor Bill Miller says that this is the right time to buy Bitcoin as the fundamentals are getting stronger every day. According to his interview given toĀ CNBCĀ on Friday, the legendary investor said that the bull market will be good for growth and traditional value.
Bill Miller is Bullish About Bitcoin
In his interview with the CNBC, legendary investor bill Miller declared he “strongly” recommends people to buy Bitcoin, calling it the “single best performing asset class” of the last year, 5 years, and decade.
“I would say people who donāt have exposure to bitcoin, I would strongly recommend at current prices that they do that“
The Miller Value Partners founder further said that
“Bitcoin’s supply is growing at around 2.5% a year, and the demand is growing faster than that and there’s going to be a fixed number of them”
The legendary investor also commented on the markets and what he expects from a Biden administration.
Bill Miller is bullish about Bitcoin. He further elaborated that
“It’s been very volatile, but I think right now its staying power gets better every day. I think the risks of bitcoin going to zero are much much lower than they’ve ever been before”
It seems that a few important recent improvements have boosted Bitcoin to its current price of about $15,500. For instance,Ā PayPal declaredĀ that it would enable its users to purchase, sell, and exchange the coin. Also news broke that Square Inc., a payments company established by Twitter CEO Jack Dorsey, proclaimed a 1100% increase in its revenue from Bitcoin in Q3.
Miller further said that
I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what’s like it, which is gold or some kind of commodities.
As mentioned earlier, Bill Miller founded Miller Value Partners and currently works as its chairman and chief investment officer. He leads the Opportunity Equity and Income Strategy portfolios.
It is super easy to buy Bitcoin. Just take a look at our exchange comparison!
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Bitcoin News
Dogecoin Surpasses Bitcoin In Historical ROI, Why Did It Happen?
Dogecoin has had an insane run lately, the dog themed meme-coin is up almost 776% in the past 30 days. ā¦
Ethereum Will Soon Undergo Equivalent Of 3 Bitcoin Halvenings, How?
Ethereum has created new all time highs (ATHs) after crossing the psychological mark of $3000+. The rally doesnāt appear to ā¦
Samourai Wallet Joins Haveno In A Bid To Facilitate Monero-Bitcoin Swaps
The privacy fans in the crypto-community are in for a treat, as the famed Samourai Wallet has decided to join ā¦
