RATE Group | Billionaire Investor: Most Crypto Will Fail, Bitcoin is King
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Billionaire Investor: Most Crypto Will Fail, Bitcoin is King

28 Jul Billionaire Investor: Most Crypto Will Fail, Bitcoin is King

Posted at 08:41h in Bitcoin News by

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The ideology of Bitcoin maximalism is heavily contested in the cryptocurrency community, with many seeing an aversion to altcoins as a stigma from the bygone Bitcoin-centric market. However, an investing legend from legacy markets has taken a stand as a fighter for Bitcoin, and Bitcoin only, claiming that most other cryptocurrencies are worthless.

Bill Miller — An Unlikely Bitcoin Proponent

On Friday, Bill Miller, a sixty-eight year-old investor and fund manager with a net worth of $2 billion, took to Bloomberg to discuss his opinions on the cryptocurrency industry.

Miller first outlined his stake in the cryptocurrency market, noting that  he holds large amounts of Bitcoin in a partnership he is a part of, along with a “pretty significant” personal position in the foremost crypto asset at an average…

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