Bill Miller, founder of the multi-millionaire investor and Miller Value Partners free fund, shared a positive opinion on sales in the crypto money market in a private interview with Fox Business, explaining why it should not frighten investors.
Believe him or her Bitcoin Miller, who prefers to call Bitcoin observer instead of evangelist, compared Bitcoin throughout the history with other discoveries in his interview:
“I observed in Bitcoin that destructive technologies such as printing, railway, electricity, biotechnology and internet followed in the 1920s …”
Many on Wall Street are worried that crypto money is worse than the Nasdaq in 2000, while others expect Bitcoin to fall to $ 1000 this year. Miller is in fact trying to figure out if the market is willing to adopt the idea of this new technology He said he needed a “balloon”.
Miller said the idea of ”Breakdown of Innovations” by renowned investor Everett M. Rogers, “Price bubbles are necessary to drive the capital market to see if these innovations can really sustain their lives.”
Bitcoin prices in December 2017 reached a record level of $ 20,000. Miller said that nearly 50 percent of the money in the free fund is invested in Bitcoin.