American investor and fund manager Bill Miller shared in a recent WealthTrack interview that Bitcoin (BTC) accounts for half of his portfolio. In addition, the experienced analyst, who says that the gold supply will be greatly increased after $ 18,000, thinks that this will create a perception of “insurance” in Bitcoin. Details at Kryptokoin.com .
Bill Miller shares the cost of Bitcoin
The 40-year veteran investor claims that Bitcoin is the only asset that is not affected by inflation. Berkshire Hathaway CEO Warren Buffett It opposes the claims that “Bitcoin is 0 in value”. He even shares that he started buying Bitcoin again at $30,000.
Gold supply can be increased after $18,000
Referring to gold after Bitcoin, Miller said that if the precious metal’s supply rises to $18,000, its supply will be large. He explains that it will increase because miners will be encouraged to extract more. In part of the interview, the veteran investor describes himself as a “Bitcoin watcher,” comparing cryptocurrency development to that of the printing press and steam engine. According to Miller, Bitcoin can act as an insurance if the government decides to seize the cool gold supply. Miller points out that the precious metal has yielded negative returns in the last 10 years, while “digital gold” Bitcoin has outperformed almost every other asset in the world in the last 10 years. On the other hand, hedge fund manager Ray Dalio said in his recent statements that Bitcoin can be banned just like gold.
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