Bill Miller IV, chairman and CEO of Miller Value Partners, says he has never been more bullish on Bitcoin despite a market cap roughly comparable to the last cycle peak. He bases his analysis on the marked deterioration of the global fiscal situation and the US deficit that now reaches the size of Bitcoin’s total market cap. Miller views Bitcoin as a denominator for capital rather than an asset to be traditionally valued. He also discusses gold’s outperformance, the rotation toward artificial intelligence, and global liquidity flows from Japan and US Treasuries.
Source: Read the original article
