Alex Coin 
Bill Miller’s net worth is split between Bitcoin and Amazon stock, he revealed in an interview.
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American investor Bill Miller has been a strong advocate for Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. for some time. In October 2021, he assured that Bitcoin was established since all the banks were involved with him. Earlier, in September, he told the U.S. Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission that BTC was the new digital digital technologies are these electronic tools that have the ability to generate, store or even process data. gold . All of his statements had been in that tone, but, although he had said he was a crypto holder, he had not said what percentage of his investments it constituted.
Now, during a recent interview with WealthTrack , revealed that Bitcoin makes up half of your personal portfolio a collection of cryptocurrencies or crypto assets held by an investment company, hedge fund, financial institution or individual. (not the portfolio of your fundMiller Opportunity Trust, but the very ).
Miller, who has been in the investment business for four decades, says that Bitcoin is the only economic entity whose supply is not affected by demand, countering the argument of the CEO of Berkshire Hathaway, Warren Buffett, de que Bitcoin has a value of zero.
He says he started buying Bitcoin back to USD $30,000 last year:
I bought a fair amount in the range of USD $30,000.
If gold were to reach US$18,000, Miller explains, its supply would increase because miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. would be incentivized to mine more.
Miller calls himself a “Bitcoin watcher” y “Bitcoin bull”, comparing the trajectory of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. growth to that of the printing press and the steam engine.
He believes that Bitcoin could serve as insurance in case the government decides to confiscate gold.
He also points out what other market an area or arena, online or offline, in which commercial dealings are conducted. analysts have also said: that the metal has posted negative returns over the past 10 years, while Bitcoin outperformed virtually every asset in the world over the past 10 years.
Miller: come in Bitcoin y Amazon
Aside from Bitcoin, Miller said he owns about 50 percent of his net worth in shares of Amazon.
Bill Miller, 72, rose to fame during his time at the New York-based asset management firm, Legg Maso n. Its mutual fund had managed to outperform the benchmark benchmarking is a method of comparing the performance of your asset or investment portfolio to that of similar assets to see whether there is a gap that can be bridged by increasing performance indicators. index S&P 500 for 15 straight years during the period from 1991 to 2005. Miller managed to return to billionaire status after his net worth plummeted 90 percent in the wake of the global financial crisis in the late 2000s, he says. UToday.
You can watch the full interview here:
Sources: WealthTrack , UToday , archivo
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