Legendary Investor Bill Miller Believes The Liquidity And Upside Potential Of Bitcoin Beyond What Other Assets Have

Bill Miller, a legendary hedge fund manager, and investor believes that Bitcoin's liquidity and upside potential beyond what other assets have, according to his latest investment newsletter.

Miller praised the principle and future potential of Bitcoin, the report states: "Now that we know what Bitcoin is, why might someone want to own some? The short answer is that there is no other asset that combines Bitcoin’s liquidity with its upside potential. Bitcoin is still an emerging and under-owned technology in an enormous addressable market, and it has a brilliant, logically consistent protocol with distributed governance."

Regarding the debate that certain regulators will ban Bitcoin, Miller said: "It has worked for twelve years with little regulatory interference under multiple administrations. In fact, the regulatory outlook for Bitcoin in the US has never been brighter, which may explain why so many institutions are now getting involved."

By Mary Liu

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