Legendary Investor: “Bitcoin and This Altcoin in My Cart!”

legendary investor Bill Miller, bitcoin shared a catalyst that will trigger the price to rise again.

Recording a new interview with Barrons Bill MillerAccording to Bitcoin, although the price of Bitcoin has a volatile structure, it is included in investment portfolios as a ‘strong speculation’.

“Bitcoin was at its lowest level of $5,800 in 2020. It’s currently $17,400. On average, the market has risen 70% since then, and Bitcoin 190%. If he has been investing for more than a year, you should have made a pretty good profit. I wouldn’t call it an investment. I would call it speculation, but I would call it solid speculation.”

Former Legg Mason Capital Management executive, last year cryptocurrency He stated that, given the turmoil in the market, Bitcoin is still in pretty good shape. Koinfinans.com As we reported, Miller noted that the reversal is critical as the Federal Reserve raises interest rates to suppress inflation.

“It is surprising that despite the FTX crash, the Bitcoin price did not crash by 50% more. People have run off the market, so it’s pretty remarkable that it’s still standing at $17,000. But inflation is being attacked and real rates are rising rapidly. When the Federal Reserve starts to return to easy money, I would expect Bitcoin to perform quite well.”

Alongside Bitcoin, Miller says Coinbase (COIN), which hit an all-time low earlier this week, is also bullish.

“I usually feed off of inactivity. I don’t like to sell anything unless I’m being challenged by margin calls. I recently bought more Amazon. I bought Silvergate a week ago and I expect to receive more Coinbase.”

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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