[Blockchain Today Correspondent Han Ji-hye] It is reported that value investor Bill Miller, who has succeeded in technology stocks, has invested 50% of his personal net worth in bitcoin and related stocks.
Billionaire investor Bill Miller is optimistic about Bitcoin, even as Bitcoin once hit a record low, falling below $40,000, according to Cointelegraph, a media outlet specializing in cryptocurrencies.
Bill Miller said in an interview with the podcast channel WealthTrack on the 7th, “I am no longer a Bitcoin observer, but a Bitcoin buyer.”
50% of Bill Miller’s net worth is currently being invested in Bitcoin and related industry companies such as Michael Saylor’s MicroStrategy and Bitcoin mining company Stronghold Digital Mining. .
On this day, Bill Miller said, “I first bought bitcoin in 2014 when it was trading around $200, and added it when it hit $500. But it’s been 30,000 months since April when the price of bitcoin reached $66,000. We didn’t buy any more while it plummeted to Russia,” he said.
As for the reason why he repurchased a significant amount of bitcoin in the $30,000 range, Bill Miller said, “There are a lot of investors, and there’s a lot more money coming in from the venture capital world.”
The billionaire investor described investing in Bitcoin as an “insurance policy against financial catastrophe” and described it as “a powerful investment tool that surpasses gold and attractive because of its rarity, with only 21 million in existence.”
Meanwhile, Bill Miller recommends that individual investors invest about 1% of their assets in Bitcoin.
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