legendary investor Miller says bitcoin is an insurance policy

 Bill Miller explained why he is confident with his investment in Bitcoin. And also explained that the supply of Bitcoin will not be affected because of its demand but remains outside the control of the government.

The whole crypto industry is a part of the opportunity for people to make money, but not for those panic sellers. People who understand Bitcoin, are investing significantly. Bill Miller is also a wise Investor in this world, who has invested 50% of the investment portfolio in Bitcoin and related businesses. 

Recently Bill Miller appeared in an interview with WealthTrack. Through the interview, he shared his precise thinking on Bitcoin, that is how he sees Bitcoin as the best asset.

In 2021, Miller bought Bitcoin in the dip at $30,000. He already owns some Bitcoins. His accumulation of Bitcoin for a long time with small efforts is the result of gaining what he has. Miller noted that Bitcoin will see huge growth in the future because bitcoin is in demand by big institutions and big wealthy Companies. 

Miller said: 

“Bitcoin has gone up an average of 170% a year for the past 11 years… There are a lot more people using it now, a lot more money going into it from the venture capital world, there are a lot of sceptics that are trying it out now.”

Miller also commented on the stance of Warren Buffett on Bitcoin, who believes that  “Bitcoin is the only economic entity where the supply isn’t affected by the demand.” 

Miller stated that the demand of gold increases the supply because miners got motivated to mine more but here Bitcoin is different because Bitcoin is not under any type of Central system and it is just like an insurance policy. 

This type of thinking and belief by such high scale investors in Bitcoin is a perfect reply for those, who keep criticizing Bitcoin without any reason or they have some kind of hate because they missed the Bitcoin train. 

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