Despite might have sold some of his BTC holdings, Miller remains convinced on the merits of the primary digital asset.
Legacy American investor Bill Miller revealed he sold some “liquid stuff” to satisfy margin calls as bitcoin might be one of those assets. However, the billionaire remains a keen proponent of the primary cryptocurrency, describing it as an “insurance against financial catastrophe.”The US investor, fund manager, and philanthropist Bill Miller stands as one of the most popular bitcoin supporters.
“I’ve been through at least three declines of over 80%. I own it as an insurance policy against financial catastrophe […] I haven’t heard a good argument yet why anybody shouldn’t put at least 1% of their liquid net worth in bitcoin.”Asked whether he sold a portion of his BTC stash recently, Miller said, “the short answer is no.” Nonetheless, the investor had to trade some of his “liquid stuff” to meet margin calls.