fbpx

Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It

bit2Big > Bitcoin News > Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It

Mutual fund legend Bill Miller told CNBC Friday that the risks of bitcoin going to zero are “lower than they’ve ever been before” and predicted more institutional investment in the cryptocurrency.

“The bitcoin story is very easy, it’s supply and demand,” Miller said. “Bitcoin’s supply is growing around 2.5% a year and the demand is growing faster than that.”

On Friday, Miller warned of inflation “coming back” with the Federal Reserve “gunning the money supply” and future fiscal relief coming from Congress. 

Miller, who serves on the investment committee for the endowment of Baltimore-based Johns Hopkins University, said that the endowment’s chief investment officer told him that “everybody is going to want to own at least some bitcoin” because of its “asymmetric properties.” 

“[The endowment] may never own bitcoin,” Miller said. Yet, “for a college endowment that’s a bold statement,” he added.

Bit2Big

Bit2big offers global digital finance solutions based on blockchain, cryptocurrency investments and blockchain services.

With a presence in Switzerland, Nigeria, Rwanda and Uganda we are driving the adoption of blockchain technologies in the east and west Africa.

Transformative, empowering, progressive and integral. At Bit2big we believe in ownership, financial stability and having control over your future.

News

Blockchain and the battle for the future of business
October 3, 2022By
California ‘BitLicense’ Bill Vetoed by Governor Gavin Newsom
September 24, 2022By
Decentraland, Gala, Enjin Coin, and Klangaverse could be your ticket out of the NFT crash
September 6, 2022By

Recent Cases

Related Posts

Leave a Reply