Bill Miller: Bitcoin Is an Interesting Technological Experiment

July 30, 2018

< 1 min

The founder and chief investment officer (CIO) of Miller Value Partners also thinks that the top-ranked cryptocurrency is like gold.

“I think that it’s an interesting technological experiment. Every day that it doesn’t blow up or get regulated to zero, what’s going to happen is that more money flows into the ecosystem.”

When asked about whether his stance on Bitcoin extended to other cryptocurrencies, Miller said: “Most cryptocurrencies are probably worthless. Bitcoin is the most stable of the currencies. I think it has the greatest probability of being successful. There are others that people like, but that’s the only one I’m interested in.”
Bill Miller also said that bitcoin has certain advantages over gold: ease of transfer and ability to function as a medium of exchange. Despite these advantages, he believes that BTC isn’t an yet an efficient payment system or a viable currency.
Miller predicted that if Bitcoin was able to attain 1/3 of the total market value of gold, then institutions like banks might become more interested in the asset. The current market capitalization of bitcoin stands at $140 billion, which is 47% of the total cryptocurrency market.

What should you learn next? Turn the wheel to find out!

rainbow circle

How to Use the Practice Account in IQ Option

share

previous post

Fast Moves, Quick Results: A Guide to Short-Term Stock Trading
Short-term stock-trading
Fast Moves, Quick Results: A Guide to Short-Term Stock Trading

next post

Forex Week
Forex Weekly Report: Like Facebook
Forex Weekly Report: Like Facebook

Latest posts

Fast Moves, Quick Results: A Guide to Short-Term Stock Trading

24.02.2025

Short-term stock-trading

Trading Routine Checklist: Structure Your Day

17.02.2025

Effective trading routine

Trend Continuation Patterns For Catching Strong Trends

10.02.2025

Continuation patterns for trading

Detrended Price Oscillator (DPO): An Indicator That Ignores Trends

31.01.2025

Detrended Price Oscillator

Top Crypto Assets, Rumours and Strategies for 2025

20.01.2025

Crypto Trading in 2025

5 Trading Strategies for 2025: Find Your Personality Fit

15.01.2025

5 Trading Strategies for 2025