Miller Value Partners founder Bill Miller said he was still bullish on Bitcoin during a recent episode of FutureProof internet streaming what was covered by Seeking Alpha.
According to the investor, Bitcoin is now the safest it has been now, as its price is capped above $ 9,000:
"At the current price, at the high $ 9,000, I think it's much safer than ever."
Miller, the hedge fund veteran who was the former CIO of American investment management giant Legg Mason, was one of the first to adopt Bitcoin that first got into crypto when BTC was trading at just $ 200.
During today's conversation, he revealed that he had not sold any of his coins whose average purchase price is $ 300.
In January 2019, you he told CNBC that Bitcoin, as an "interesting tech experiment", could "be worth a lot" or fall to zero after the December 2018 drop to $ 3,100.
Now, he appears to have gone from being an observer to being a believer, claiming he is optimistic about the future of the leading cryptocurrency.
After converting your five percent Bitcoin allocation to 50 percent of your fund's assets, you now see no reason why the which investment advisers would not recommend their clients put at least one percent of their net worth into cryptocurrencies.
Meanwhile, the CEO of Galaxy Digital, Mike Novogratz, who also joined the webcast as a panelist, called Bitcoin "turbocharged gold."
According to recently reportedNovogratz sees gold and its digital version as the "easiest traders" amid appalling money printing.