Bill Miller IV, chairman and chief investment officer of Miller Value Partners, remains bullish on Bitcoin despite market sentiment near its post-FTX lows. He notes that the price rose from $63,000 to $87,000 before falling back to $68,000 within a few months, and views volatility as the price of owning great-performing assets. According to him, Bitcoin’s addressable value is far above its current market capitalization, while supply growth of 80 basis points a year makes it scarcer than gold. The interview also covers Strategy’s exclusion from MSCI, the prospect of higher interest rates, the AI bubble, competition between Bitcoin and AI for capital, and the Clarity Act.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
