RATE Group | Bitcoin [BTC] can be a ‘potential asset’ for central banks, says Wall Street billionaire…
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Bitcoin [BTC] can be a ‘potential asset’ for central banks, says Wall Street billionaire…

29 Jul Bitcoin [BTC] can be a ‘potential asset’ for central banks, says Wall Street billionaire…

Posted at 04:04h in Bitcoin News by

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Bill Miller, a billionaire investor, stated that Bitcoin [BTC] is the cryptocurrency which has the most probability of being successful. He also spoke about the strategies for evaluating the value of the cryptocurrency.

Miller, who is described as being a “Bitcoin observer”, spoke to Bloomberg in an interview earlier this week. He elaborated upon his holdings in Bitcoin, stating:

“I have Bitcoin in a partnership that I run and I also have a pretty significant position individually with an average cost of $300 in Bitcoin.”

He went on to call it an “interesting technological experiment”. Notably, the billionaire managed a trust fund on Wall Street called Legg Mason Value Trust fund. Under his management, the fund ‘beat the market’ from 1991 to 2005, demonstrating 15 years of returns greater than that of the S&P 500 index. He entered the cryptocurrency space during 2014 or 2015, where the average cost of the coin was about $350. On Bitcoin, the investor…

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