Billionaire Investor Bill Miller no longer considers himself just a “Bitcoin observer”. Instead, he considers himself a real Bitcoin bull, as he mentioned in a recent WealthTrack interview.
Miller now holds fifty percent of his net worth in BTC and related investments in key industry firms like Michael Saylor’s MicroStrategy and Bitcoin mining firm Stronghold Digital Mining.
“This time I started buying it again at $30,000, down from $66,000 and the reasoning was there’s a lot more people using it, there’s a lot more money coming in from the venture capital world.”
He added that he purchased a
“fair amount in the $30,000 range.”
While putting in as much as fifty percent of his net worth in Bitcoin in related markets, Miller recommended individual investors to put at least one percent of their assets in BTC.
“I think the average investor should ask himself or herself what do you have in your portfolio that has that kind of track record — number one; is very, very underpenetrated; can provide a service of insurance against financial catastrophe that no one else can provide; and can go up ten times or fifty times. The answer is: nothing.”
Now observing his 40th anniversary in the investment domain, Miller presently serves as CIO at Miller Value Partners, a firm he founded earlier in the year 1999 while working at investment giant Legg Mason. The acclaimed investor is known for beating S&P 500 for fifteen successive years with Legg Mason, where he purportedly controlled assets worth up to seventy billion dollars.
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