Bill Miller Reveals Size of His Personal Bitcoin Investment

The legendary billionaire investor and founder of Miller Value Partners, Bill Miller, told WEALTHTRACK in an interview that he has invested 50% of his personal savings in Bitcoin and altcoins.

According to him, he bought a significant portion of digital gold around $30,000. He bought his first Bitcoin at $200 and has since periodically added to his holdings.

Miller described the first cryptocurrency as a unique economic unit, whose supply is not dependent on demand.

On Monday, January 10, Bitcoin traded below $41,000. The asset’s market cap stands at $774 billion, according to CoinGecko.

In August 2021, Miller’s disclosed a position of $44.7 million in the Grayscale Bitcoin Trust.

In October, the billionaire called Bitcoin digital gold and compared his bet on it with buying Amazon stock during the dot-com bubble crash. He also doubted the prospects of most altcoins.

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