WebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
ADVERTISE
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
WebsCrypto
News

Billionaire Bill Miller: Bitcoin Is Insurance Against Financial Catastrophe

By WebsCryptoMay 27, 20221 Min Read
Billionaire Bill Miller: Bitcoin Is Insurance Against Financial Catastrophe
Share
Facebook Twitter Telegram LinkedIn Reddit Email

On May 24, Miller voiced his support for Bitcoin on a May 24 episode of the podcast “Richer, Wiser, Happier,” arguing that it is a means by which people caught in conflict can still access financial products.

He cites the collapse of Afghanistan’s financial infrastructure after the U.S. withdrawal in August 2021. When the U.S. withdrew from Afghanistan, Western Union stopped sending money to Afghanistan, and it stopped accepting money from Afghanistan, but if you have Bitcoin, you’re fine .

Your Bitcoins are there. If you have a cell phone, you can send to anyone in the world. Miller said the example of how Bitcoin can function as an insurance doesn’t “have to be all-or-nothing,” pointing to Bitcoin’s performance in the early stages of the Covid-19 pandemic and the Federal Reserve’s response to it. When asked if he still holds Bitcoin, Miller confirmed that about “40% – 50%” of his funds are invested in Amazon stock, which he holds “about the same as Amazon stock,” adding that his 80% of net worth is divided between these two assets.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Crypto Cryptocurrency Headlines
Related News

US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases

CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities

Balmain Launches Limited Edition NFT Series Unicorn Phygit Wearable Collection

Timothy Peterson Claims 6 Million Bitcoins Are Lost Forever

Why Is the CFTC Suing Binance?

Venezuelan Regulators Shut Down Cryptocurrency Exchanges, Mining Farms

The Latest
Markets March 28, 2023
US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases
Markets March 28, 2023
CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities
Business March 28, 2023
Balmain Launches Limited Edition NFT Series Unicorn Phygit Wearable Collection
News March 28, 2023
Timothy Peterson Claims 6 Million Bitcoins Are Lost Forever
Opinions March 28, 2023
Why Is the CFTC Suing Binance?
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter LinkedIn Telegram RSS
Categories
  • News
  • Markets
  • Business
  • Markets
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Tags
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Regulation
  • Policy
About
  • About Us
  • Contact Us
  • Advertise
  • Crypto Prices
  • Privacy Policy
  • Terms of Service
© 2023 WebsCrypto.

Type above and press Enter to search. Press Esc to cancel.