Famous billionaire Bill Miller continues to support the asset even though he has sold some of his Bitcoins (BTC).
Miller considers Bitcoin to be “insurance against financial disaster.”
US investor Bill Miller remains one of the most popular Bitcoin supporters. Miller, who opposed the financial policies of many banking institutions with the COVID-19 epidemic, argued that Bitcoin was valuable at that time because governments could not intervene.
Miller said that in early 2022, he invested half of his portfolio in Bitcoin. He also revealed that he bought his first Bitcoin seven years ago when the asset was trading at $200. In an interview with
CNBC, Miller reiterated his position, saying he doesn’t understand investors who don’t diversify their portfolios with crypto. He also stated that he was not worried about the market drop:
“I’ve had at least three dips above 80%. I own Bitcoin as an insurance policy against financial disaster. I have yet to see a valid argument as to why people should not put at least 1% of their portfolio in Bitcoin”
Miller added that investors should consider when Bitcoin value drops.
