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Bitcoin Could Be Rat Poison, And The Rat Could Be Cash, Says Hedge Fund Manager Bill Miller
Summary: Bill Miller, a US investor, hedge fund manager concluded in his latest market report that the global economic situation may prompt more institutional investors' adoption of Bitcoin. Miller elaborated Bitcoin is still in the early stages of the adoption cycle, there is no doubt that Bitcoin is called digital gold, but it has more advantages ...
Bill Miller, a US investor, hedge fund manager concluded in his latest market report that the global economic situation may prompt more institutional investors' adoption of Bitcoin. Miller elaborated Bitcoin is still in the early stages of the adoption cycle, there is no doubt that Bitcoin is called digital gold, but it has more advantages than gold.
On the other hand, the Fed's current policies will make cash investments a real loss in the foreseeable future, and more companies will decide to allocate part of their cash balances to Bitcoin instead of cash, the report states: "the current relative trickle into Bitcoin would become a torrent. Warren Buffett famously called Bitcoin 'rat poison'. He may well be right. Bitcoin could be rat poison, and the rat could be cash."
By Mary Liu
Tags: Bill Miller,Bitcoin,Cash,Fed,Gold,Institutional Investor,Warren Buffett
Link: Bitcoin Could Be Rat Poison, And The Rat Could Be Cash, Says Hedge Fund Manager Bill Miller [Copy]
