American investor Bill Miller Bitcoin (BTC) who sink BTC to the ground at every opportunity Warren BuffettHe said they shouldn’t care.
Talking about the main point of investing is making money and the need to limit his portfolio to productive assets, Miller stated during a recent podcast screening that Berkshire Hathaway CEO Warren Buffett’s unpleasant comments about Bitcoin should be ignored.
Buffett, who has not changed his negative views on cryptocurrencies since 2014, said in a recent speech that cryptocurrencies will have no chance against the US dollar.
In addition to Buffett, who repeatedly stated that Bitcoin produces nothing and has no value. Charlie Munger, Berkshire Hathaway’s Vice President also, who is Buffett’s right-hand man, likened Bitcoin to venereal diseases and will drop to zerowhat he had claimed.
Miller Doesn’t Think The Same Way!
A devoted value investor, Miller has made it clear that he does not side with Buffett and Miller when it comes to value investing.
The former head of Legg Mason (LM) claimed that the main purpose of investing was to make more money and stated that he rejected the idea that he should choose only productive assets.
The leading hedge fund manager also loves Bitcoin because supply is not affected by demand He claimed. He sees cryptocurrency as a hedge against financial disasters. he also added.
Miller also stated that he expects more declines for Bitcoin in the short-term, but that he expects a rise in the long-term.