• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Animoca Denies $200M Metaverse Fund Cut

2023-03-27

Coinbase Chief Legal Officer Says SEC’s Wells Notice a Massive Overreach on Part of Regulator

2023-03-26

US Prosecutors Slam Terra (LUNA) Founder Do Kwon With Eight Counts of Fraud for 2022 Crypto Collapse

2023-03-26
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Coinbase Chief Legal Officer Says SEC’s Wells Notice a Massive Overreach on Part of Regulator

    2023-03-26

    US Prosecutors Slam Terra (LUNA) Founder Do Kwon With Eight Counts of Fraud for 2022 Crypto Collapse

    2023-03-26

    Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why

    2023-03-26

    Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske

    2023-03-26

    Billionaire Chamath Palihapitiya Predicts Corrosion of the Economy, Says Fed Rate Hike Could Cause Real Damage

    2023-03-26
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15
  • Market Cap
CryptoNewsMetaverse
Home»Analysis»Billionaire Investing Legend Bill Miller Predicts One Catalyst Will Ensure Bitcoin (BTC) Performs ‘Quite Well’
Analysis

Billionaire Investing Legend Bill Miller Predicts One Catalyst Will Ensure Bitcoin (BTC) Performs ‘Quite Well’

2022-12-23No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Legendary investor Bill Miller says that one catalyst is likely going to help Bitcoin (BTC) start performing well again.

In a new interview with Barrons, Miller says that Bitcoin, while volatile, has a place in investment portfolios as a “sound speculation.”

“At the market low of 2020, Bitcoin was $5,800. Bitcoin is now $17,400. Roughly since then, the market is up 70%, and Bitcoin is up 190%. If anyone has a time horizon of longer than a year, you should do quite well in Bitcoin. I wouldn’t call that an investment. I would call it a speculation, but I would call it a sound speculation.”

The former Legg Mason Capital Management executive says considering the turmoil in crypto markets over the past year, he thinks Bitcoin is still holding up rather well. With interest rates trending higher as the Federal Reserve attempts to squash inflation, Miller says that a reversal in such policies could be the spark that BTC needs to turn around.

“I’m surprised Bitcoin isn’t at half of its current price given the FTX implosion. People have fled the space, so the fact that it’s still hanging in there at $17,000 is pretty remarkable. But inflation is being attacked and real rates are rising rapidly. I would expect that if and when the Federal Reserve begins to pivot [toward easier monetary policy], Bitcoin would do quite well.”

Besides, Bitcoin, Miller also says he’s bullish on Coinbase (COIN), which reached an all-time low earlier this week.

“I generally thrive on inaction. I don’t like to sell anything unless I’m forced to with margin calls. I recently bought more Amazon. I bought Silvergate a week ago and expect to buy more Coinbase.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Jorm S



Source link

Bill Billionaire Bitcoin BTC Catalyst Ensure investing Legend Miller Performs Predicts
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why

2023-03-26

Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske

2023-03-26

Billionaire Chamath Palihapitiya Predicts Corrosion of the Economy, Says Fed Rate Hike Could Cause Real Damage

2023-03-26

Bitwise CIO sees ‘no path forward’ for spot Bitcoin ETF

2023-03-25
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Strong Rally For Bitcoin And Crypto As Wall Street Melts Down

2022-09-27

Privacy Coins, Mixers and Anonymity To Be Slowly Eliminated From Crypto by Upcoming Regulations: Coin Bureau

2022-07-19

SHIB has $548.6m share in ETH whales’ portfolio- traders should beware of…

2022-07-26

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Animoca Denies $200M Metaverse Fund Cut

2023-03-27

Coinbase Chief Legal Officer Says SEC’s Wells Notice a Massive Overreach on Part of Regulator

2023-03-26

US Prosecutors Slam Terra (LUNA) Founder Do Kwon With Eight Counts of Fraud for 2022 Crypto Collapse

2023-03-26
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,846.00-0.34%
  • ethereumEthereum(ETH)$1,764.39-0.73%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.11%
  • binancecoinBNB(BNB)$328.710.49%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • rippleXRP(XRP)$0.4876436.23%
  • cardanoCardano(ADA)$0.355964-1.21%
  • dogecoinDogecoin(DOGE)$0.0754440.37%
  • Lido Staked EtherLido Staked Ether(STETH)$1,760.54-0.76%