Billionaire Bill Miller, a seasoned billionaire investor, explains why he believes the current crypto outlook is very positive for Bitcoin. Miller likens Bitcoin to digital gold when it comes to the digital currency. Other cryptos are simply “adventure investments” since they lack the uniqueness of Bitcoin, he said. A fund manager, Miller highlighted that nearly half of Russia’s reserves are held in currencies controlled by individuals seeking to do them damage. Miller, a co-founder of Miller Value Partners, spoke on the future of crypto in the face of Russia’s ongoing invasion of Ukraine. Related Article | Criminal Whales Hold $25 Billion In Crypto Assets: Chainalysis Report Crypto Outlook Favorable For Stakeholders “The rest of crypto is a different story,” he said. The remainder of the cryptos could be called “adventure investments” since he believes they are all attempting to tackle different challenges. The renowned value investor has been a long-term advocate of bitcoin. Last month, he revealed he had “a substantial” amount of bitcoin, and compared it to digital gold as a hedge against inflation. He also referred to the current crypto outlook and Bitcoin as “insurance against financial disaster.” Miller’s deep knowledge of investing and the stock market holds weight because of his vast business experience. BTC total market cap at $740.14 billion in the dail...
