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Legendary investor Bill Miller: Bitcoin holding out at $17,000 is "pretty impressive", still one of my biggest holdings

Legendary investor Bill Miller: Bitcoin holding out at $17,000 is "pretty impressive", still one of my biggest holdings

2022/12/27

Legendary investor Bill Miller, 72, reportedly reiterated his bullish stance on cryptocurrencies in a new interview, saying that despite the brutal selloff in the crypto market this year, he will continue to be bullish on Bitcoin, which will remain one of his largest personal holdings. Bill Miller sees cryptocurrencies as a potential store of value, much like digital gold, though he clarifies that other digital assets besides bitcoin do not excite him and will be "relegated to the realm of risky speculation". The FTX crash prompted many players to dump Bitcoin and flee the crypto market, but Bill Miller was surprised that the price of bitcoin "didn't fall to half the current price", but stuck at $17,000", which is pretty impressive."

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