After criticizing Buffett, legendary investor Bill Miller is still bullish on Bitcoin

Bill Miller, a legend in the investment world and considered one of the greatest money managers ever, recently told CNBC:

“Bitcoin is the real disruptor and the real innovation in money.”

As early as March 2014, when Bitcoin was at its lowest point, Miller began buying Bitcoin. He subsequently lost nearly 20% at one point, but he still said he was very optimistic about Bitcoin.

Miller reveals he and his son are still bullish on Bitcoin

More than three years later, Miller discussed his views on Bitcoin again in an interview with CNBC last week.

Miller revealed that he and his son are still bullish on Bitcoin, and Miller also described Bitcoin as an important technological innovation and a catalyst for radical changes in the financial sector. "This is a true disruptor and innovative currency," Miller said. "We haven't seen such innovation in nearly a thousand years."

In 2014, after the collapse of Mt. Gox, the world's largest Bitcoin exchange at the time, the legendary figure who served as chief investment officer at Legg Mason Capital Management for nearly 10 years bluntly stated that he was optimistic about Bitcoin. In an interview with CNBC at the time, Miller blasted Buffett's statement that "Bitcoin is a mirage", saying that Buffett's thinking had "logical" flaws, and he also emphasized that Bitcoin's growth potential will continue to increase as the cryptocurrency user base expands.

“If Bitcoin’s acceptance can reach 10% of gold’s, its market value can reach $800 billion. Maybe the Bitcoin you buy will end up being worthless, but it may also make you a 120-fold return. I think its risk-reward is worth it.”

Miller has said.

It is reported that the fixed total amount of Bitcoin has always attracted Miller, which has also prompted the investor to make a lot of comparisons between Bitcoin and gold. When discussing the volatility of Bitcoin, Miller talked about the historical volatility of gold prices. In his opinion, Bitcoin will become a strong competitor to mainstream currencies in the near future.

What do you think?