Legendary Investor Bill Miller’s Bitcoin Position Is ‘Very Big’
The man who holds the record for most years outperforming the S&P 500 is deeply invested in bitcoin.Legendary value investor Bill Miller reiterated in a Wednesday interview that holding bitcoin is akin to having insurance against financial catastrophe, echoing comments he made last month as he disclosed that bitcoin comprised half of his fortune.Miller explained that bitcoin doesn’t account for 50% of his portfolio any longer given the digital currency’s price decline over the past couple of months. However, he said his allocation to bitcoin still is “very big.”“It's like an insurance....
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Veteran investor and fund manager Bill Miller says he has “a very big position” in bitcoin and expects to see a lot of institutional adoption this year, particularly among endowments and foundations. “Bitcoin is insurance against financial catastrophe,” he opined.
Bill Miller Says ‘Bitcoin Is Insurance Against Financial Catastrophe’
Famed value investor Bill Miller talked about bitcoin in an interview with CNBC Wednesday. He is the founder of Miller Value Partners and currently serves as its chairman and chief investment officer.....
Market-beating Investor And Famed Fund Manager Bill Miller Said He Has Been Buying Bitcoin Since It Cost Just $200.
In 2018, legendary investor Warren Buffett referred to the cryptocurrency as "probably rat poison squared."
Bill Miller is set to increase his Bitcoin exposure by plowing 15% of one of his portfolios to buy Grayscale BitcoinTrust shares. Hedge fund legend Bill Miller is exhibiting an even larger appetite for Bitcoin (BTC). According to a Friday filing with the United States Securities and Exchange Commission, The Miller Opportunity Trust is seeking indirect exposure to BTC via the Grayscale Bitcoin Trust.The planned investment is coming at a time when the GBTC premium is at its lowest level since April 2019.If the GBTC shares acquisition does pull through, it will mark a significant departure....
The legendary value investor said Bitcoin is a unique insurance policy against governments and financial havoc.