Big Billionaire Bets on Bitcoin! Bill Miller is investing 50% of his net worth into BTC, as well as crypto-related firms like Microstrategy.
Miller no longer considers himself just a “Bitcoin observer” but rather a real Bitcoin bull, as heThe billionaire investor now holds 50% of his net worth in Bitcoin and related investments in major industry firms like’s MicroStrategy and BTC mining firm Stronghold Digital Mining. An early Amazon investor, Miller owns almost 100% of the rest of his portfolio in Amazon, he noted.
Miller bought his first Bitcoin back in 2014 when BTC was trading around $200 and then purchased a “little bit more overtime” when it became $500. The investor did not buy it for years until BTC plummeted to $30,000 after“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,” Miller stated, adding that he bought a “fair amount in the $30,000 range.
The billionaire investor noted that he looks at Bitcoin as an “insurance policy against a financial catastrophe” as well as a powerful investment tool that has been outstripping gold. He also pointed out Bitcoin’s scarcity, meaning that onlyWhile pouring as much as 50% in BTC in related markets, Miller recommended individual investors to put at least 1% of their assets in Bitcoin, stating:
“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.
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