Tag: Bill Miller

Legendary value investor Bill Miller has HODL’d through Bitcoin’s recent crash despite it reaching price lows unseen since December of 2020. The investor maintains that Bitcoin is fundamentally different from all other cryptocurrencies and that it lacks true competition. Bitcoin Above All for Bill Miller In an interview with CNBC on Thursday, Miller said that Bitcoin has correlated with different multiple metrics throughout the years. He currently sees it correlated with “risk-on, risk-off”, an investment setting when price behavior swings…

Billionaire investor Bill Miller has become more optimistic about Bitcoin since Russia invaded Ukraine. Currently, the Western sanctions are crushing the Eastern superpower’s economy and currency. This turn of events makes him believe they will likely look to regain control of their wealth with Bitcoin. Does Russia Need Bitcoin? On Thursday, Squawk Box’s Andrew Sorkin, a Bitcoin skeptic, asked Miller how Russia’s economic situation could impact the crypto market. Miller focused his response on Bitcoin, which he called “unique” from…

It looks like Michael Saylor isn’t the only billionaire to make Bitcoin his premier asset holding. Bill Miller – top investor and former chairman of Legg Mason Capital Management – recently revealed that Bitcoin comprises half of his portfolio. He recommended that other investors become at least 1% allocated to the asset, calling it “insurance against financial catastrophe.” Miller’s Growing Bitcoin Position Miller revealed his Bitcoin position in an interview with Wealthtrack on Friday. In explaining his lack of diversification,…