Bill Miller allocates 50% of portfolio towards Bitcoin
In his WealthTrack interview last Friday, Bill Miller shared his thoughts on Bitcoin. At the end of the interview, the long time value investor states that Bitcoin provides a “service of insurance against financial catastrophe that no one else can provide.” He then stated that he has allocated 50% of his investment portfolio into Bitcoin and other Bitcoin related assets, like MicroStrategy. He claims to now be a Bitcoin bull instead of just an observer. Even with the current fear in the market over Bitcoin, he is still bullish in the long-term.
Store of wealth
Many who buy Bitcoin view it as a great store of value, meaning that they don’t sell it regardless of the price going up or down. Instead, they see Bitcoin as a safe...