ICOLINK - ICO Listing Directory and Blockchain Community | "Link your ICO to Success!"
  • NEWS
  • Bill Miller: Bitcoin is the only asset with such growth potential and liquidity
1 minute reading time (292 words)

Bill Miller: Bitcoin is the only asset with such growth potential and liquidity

Bill-Miller-Bitcoin-is-the-only-asset Bill Miller | Billionaire and Miller Value Partners founder

Billionaire and Miller Value Partners founder Bill Miller has once again come out in support of Bitcoin. He also talked about the reasons for buying bonds from MicroStrategy.

In a Q4 2020 report to Miller Value Partners, the founder of the firm said 0.75% of its assets were invested in convertible bonds of MicroStrategy. This company has invested over $ 1 billion in Bitcoin.

"Now that we know what Bitcoin is, why might someone want to own some? The short answer is that there is no other asset that combines Bitcoin's liquidity with its upside potential. Bitcoin is still an emerging and under-owned technology in an enormous addressable market, and it has a brilliant, logically consistent protocol with distributed governance," 

Miller explained his decision.

The billionaire also tried to allay fears that regulators of various countries could ban Bitcoin. He emphasized that the asset has existed for 12 years and feels great without the intervention of regulators.

He also noted that recently, the attitude of American regulators towards Bitcoin has become much more positive, and this has allowed institutional investors to invest in the first cryptocurrency. As for the increased volatility, Miller does not see this as a problem. 

"Indeed, as we flagged earlier, it has done much better than simply "store" value. When Bitcoin's volatility approaches that of Treasuries, its market cap and price per bitcoin will be immensely higher and leave little room for excess return. At that point, one could imagine Bitcoin transitioning to become a more commonly used medium of exchange," 

Miller stated.

Earlier, Bill Miller said that the rise in the price of Bitcoin makes it a less risky asset, and this is the opposite of the situation in the securities market. 


RBC Capital Markets: Apple needs to buy more BTC a...
Scott Minerd confirms Bitcoin growth forecast to $...
At the ICO List we accept cryptocurrency payments in BTC, ETH, BCH, DOGE, LTC, USDC, USDT, APE, DAI and SHIB
Coin Payments

website tech support FixJoomla.com

ICOLINK.COM 2024 © All Rights Reserved

Share this page in Social Media: