Cryptocurrency is an interesting technological experiment, said the billionaire founder of the Fund Value Partners Miller bill Miller. In an interview with CNBC he compared bitcoin with the game in the casino, because investors in digital money can either get rich or lose everything.
Miller Value Partners CIO Bill Miller said he thinks bitcoin is an “interesting” opportunity for investors, but he’s not bullish on the cryptocurrency because it has potential to be worth nothing. https://t.co/7guCWvZOYT pic.twitter.com/je0rbS8pop
— CNBC (@CNBC) January 7, 2019
The specialist said that he was not afraid fall in the value of bitcoin in 2018, on the contrary, this is a great buying opportunity. Miller said that it is impressive how the price movement of the cryptocurrency is not correlated with the behavior of indices of wall street and bonds, often, when the classical market went into minus, cryptocurrencies go up.
The investor started to buy bitcoins a few years ago when the coin was at $300. Half of the two billion dollars, which Miller owns Value Partners, was earned on the increase in the cost of this cryptocurrency.
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