Key highlights:
- Veteran investor Bill Miller says that banks will eventually have exposure to BTC
- Miller revealed in 2017 that his MVP1 fund invested in BTC
- Legendary macro investor Paul Tudor Jones is also a Bitcoin bull
Veteran investor Bill Miller says that all leading banks and prominent investment firms will ultimately have exposure to BTC or a similar asset. He believes Bitcoin is here to stay, and is growing stronger and stronger. BTC’s fundamentals have attracted a lot of attention, and now people like Bill Miller are optimistic about it.
Miller’s statements indicate his bullish position on BTC
Many leading firms are exploring Bitcoin, which motivates other companies to follow the trend. After MicroStrategy announced its BTC investment, Square followed suit as well. And now, the well-known investor Bill Miller is optimistic about Bitcoin and says that it will be here to stay.
Miller Value Partners was founded by Bill Miller, and he is the head of this organization at the moment. He is the manager of other famous organizations like Opportunity Equity. He is well-known for outperforming the S&P 500 from 1991 to 2005.
He thinks that crypto is going to stay, and its risk is considerably lower than before. Miller considers Bitcoin as an asset with excellent performance, and he talks about the exciting process of demand and supply for BTC.
Bitcoin’s supply is increasing by around 2.5% a year, but its demand is faster, and BTC’s supply will be limited to 21 million coins. Bitcoin has deflationary properties, and it also functions as a store of value. Due to Bitcoin’s scarcity, it is often labeled as digital gold.
It isn’t the first time that Miller expressed interest in BTC. In 2017, he revealed that his MVP1 fund had made an investment in Bitcoin. Of course, Miller is not the only prominent fund manager who appreciates the future and fundamentals of BTC. Paul Tudor Jones also lately talked about Bitcoin’s massive potential, and he said that 2% of his portfolio is comprised of Bitcoin.
MicroStrategy CEO Michael Saylor and macro investor Paul Tudor Jones consider investing in BTC like investing in early technology stocks. Early investors of Google and Facebook made a huge profit, and now, BTC could be in a similar position. Many people call Bitcoin the future of money, and BTC seems like a fascinating investment opportunity.
Will all the banks finally eventually have exposure to Bitcoin? Tell us about your thoughts in the comment section.
