TL;DR Breakdown
• Miller believes that cryptocurrency is the virtual gold of the 21st century.
• BTC is approaching new all-time highs in its price trading at $57000
Millionaire businessman Bill Miller recently offered statements about Bitcoin regarding its price hike. Miller, the Miller Value Partners creator, thinks that the token has little risk for current trades.
The billionaire demonstrated his support for cryptocurrency in an interview hosted by Business Insider. Miller clarified that Bitcoin could be among his investment options.
Bill Miller takes a favorable stance on BTC trading
Cryptocurrencies like Bitcoin have been taken over by many billionaire investors like Elon Musk, the CEO of Tesla. Bill Miller, a millionaire owner of an American investment agency, talks about decentralized currency taking a favorable stance for trading him. Miller feels that BTC has a good future, considering its market capitalization is high, and most US banks are interested in it.
Meanwhile, Bitcoin price jumps at $57,000, gaining over 20.92 percent of its value in less than a week. In the last 24 hours, BTC obtained a rise of 4.08 percent of its price.
The septuagenarian businessman clarifies that not all virtual tokens have a good future; only BTC and ETH are worth it. According to Miller’s opinions, BTC would correspond to virtual gold that can escape a financial crisis.
Bill Miller and his investors in cryptocurrencies
Miller stands out as one entrepreneur who has bought the most BTC. His career in these decentralized operations began in 2017 when he exchanged over 5 percent of his assets in cryptocurrency.
When Bitcoin went from being worth $60,000 to $30,000 in the second quarter of the year, Miller took advantage of this drop to buy tokens. In this way, the businessman took advantage of the rise in the token in these weeks.
Since January, the businessman has believed that Bitcoin has potential, marking his investment as low risk. As more people trust cryptocurrencies, the BTC price rises, as does its investment stability. This makes decentralized trading a safe investment, very different from buying stocks, according to Miller.
This personal business investment and support towards BTC make the market gain credibility. BTC benefited from Bill Miller’s views and Ethereum, which trades at $3,588 today, October 11.
Altcoins like SHIBA INU have also been given a lot to talk about because SHIBA went from 20th to 14th place among the most traded cryptocurrencies on CoinMarketCap. SHIB maintains its bullish streak, trading at $0.0000319 with a peak of 21.45 percent in the last 24 hours.
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