On February 13, Bill Miller, a well-known American fund manager who has outperformed the S&P 500 for 15 consecutive years, said that individuals have a large position in Bitcoin BTC -1.58% and expects to see a lot of institutional adoption this year, especially in endowments and funds. meeting.
“Bitcoin is like an insurance policy, and insurance policies have no intrinsic value. In fact, you want them to have no intrinsic value. You don’t want your house to burn down or have a terrible accident. But you pay the insurance every year.”
Miller
In a January 2022 interview with WealthTrack, Bill Miller stated that 50% of his personal portfolio is in Bitcoin and the other 50% in Amazon stock.
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