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Value Investor Bill Miller Claims Around Half of Personal Assets Now Invested in Bitcoin

Famed value investor Bill Miller claimed to have 50 percent of his personal investment portfolio in Bitcoin, which could signify a move towards the niche segment by fundamental investors who prefer to place bets based on intrinsic values rather than volatile trends, despite the recent significant fall in value. In an interview with WealthTrack, Miller recommended having at least one percent Bitcoin in a diversified portfolio. “I think the average investor should ask himself or herself, what do you have in your portfolio that has that kind of track record—number one, is very, very under-penetrated; can provide a service of insurance against financial catastrophe that no one else can provide and can go up 10 times or 50 times? The answer is: nothing,” he said. Miller said that having a one percent exposure to Bitcoin is “sensible” as anyone can afford to lose that if Bitcoin falls to zero, which …

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