Legendary investor Bill Miller is a long-term Bitcoin bull. He’s been buying since 2013 and is still holding. His average cost? $300.
If Bitcoin does return 1,000x on his investment, that would put Bitcoin’s price at $300,000.
At writing, Bitcoin is trading at about $15,500 USD for 1 Bitcoin.
Bitcoin is a digital currency that is decentralized. It’s not controlled by any government or entity.
It also has a limited supply. Only 21 million Bitcoins will ever be produced. About 18 million are already in circulation.
Miller thinks people should put a small amount of their investment portfolio into Bitcoin — but only about 1–2% because it’s still a risky investment.
Miller is a former hedge fund manager and philanthropist. He’s best known for managing Legg Mason, a firm that beat the S&P 500 index for 15 consecutive years from 1991 to 2005.
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