Legendary investor Bill Miller, founder of Miller Value Partners, recently revealed in an interview with WealthTrack that Bitcoin makes up half of his portfolio.
Saying that he sees Bitcoin as digital gold in his previous statements, Miller argued that Bitcoin’s supply is the only economic asset that is not affected by demand.
Pointing out that Bitcoin and cryptocurrencies need to be added to the portfolios of investors every time, the billionaire investor said that he started buying Bitcoin again at $30,000 last year:
“I bought a decent amount in the $30,000 range.”
After introducing himself as a “Bitcoin watcher”, the veteran investor expressed his belief that Bitcoin could act as insurance should governments decide to seize gold.
Because, Miller pointed out that gold has provided negative returns in the last ten years, while emphasizing that Bitcoin has outperformed almost every asset in the world in the last 10 years.
Famous investor Bill Miller, known as a Bitcoin advocate, has Amazon shares in addition to Bitcoin in his portfolio.
*Not investment advice.