• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Friday, March 24, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Bitcoin Is ‘Less Risky the Higher It Goes,’ Says Investor Bill Miller on CNBC

8 January 2021
in Market
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Mutual fund titan Bill Miller is talking bitcoin again.

“One of the things that’s interesting about bitcoin is that it gets less risky the higher it goes,” Miller told CNBC Friday. “That’s the opposite of what happens with most stocks.”

Miller continued to describe bitcoin as “a supply-and-demand story” with roughly 900 bitcoins created each day and a swarm of retail and institutional investors scooping up enormous chunks of available supply.

Some of those large investments have come from firms like MicroStrategy, which has scooped up over 70,000 BTC with plans to buy more, and London-based asset manager Ruffer Investment, which dumped $740 million into bitcoin toward the end of 2020.

Payment companies like Square and PayPal are also funneling retail capital into bitcoin. In Q3 2020, for example, Square reported a record $1 billion in bitcoin revenue via its Cash App mobile wallet. PayPal, after announcing its plan to support bitcoin and other cryptocurrencies in October, promptly removed its waitlist for the service less than a month later, citing overwhelming demand.

“For those people who are waiting for the pullback, they got it in the first quarter. You could have bought bitcoin and $4,000 in the first quarter,” Miller noted, referencing bitcoin’s nearly 50% intraday crash in March 2020.

But amid bitcoin’s more than 300% rally in 2020 extended by an additional 40% gain already in 2021, Miller said the price of these returns is the asset’s volatility.

“You have to expect that it’s going to be very, very volatile,” Miller told CNBC. “If you can’t take the volatility, you probably shouldn’t own it. But its volatility is the price you pay for its performance.”

Still, Miller said earlier this week he thinks markets are underpricing bitcoin’s value proposition as a potential inflation hedge, calling it cash’s “rat poison,” a term Warren Buffett famously applied to bitcoin with an entirely opposite connotation.



Source link

Related articles

Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP

Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP

24 March 2023
Arbitrum Tokens Rack up $2B in Trading Volume, Analysts Point to Growth Ahead

Arbitrum Tokens Rack up $2B in Trading Volume, Analysts Point to Growth Ahead

24 March 2023
Cryptohopper
ADVERTISEMENT
[crypto-donation-box]
Tags: BillBitcoinCNBChigherinvestorMillerRisky
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

XRP cryptocurrency tumbles as Coinbase exchange moves to suspend trading

Next Post

Square Crypto Funds Bitcoin Developer to Improve Mining Pool Software

Related Posts

Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP

Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP

24 March 2023
0

Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery. Source link

Arbitrum Tokens Rack up $2B in Trading Volume, Analysts Point to Growth Ahead

Arbitrum Tokens Rack up $2B in Trading Volume, Analysts Point to Growth Ahead

24 March 2023
0

“We’re seeing a feverish trading environment for ARB tokens as the airdrop just launched. Airdrops logically garner a lot of...

California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America

California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America

24 March 2023
0

The project is seen as a first step with the potential for additional functionality, the note said. These may include...

UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024

UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024

24 March 2023
0

The first pillar is the soft launch of the ongoing project mBridge, a collaboration between the Bank for International Settlements...

Dreams of Rebooting FTX Face Cold Reality That Its Technology Wasn’t Well-Regarded

Dreams of Rebooting FTX Face Cold Reality That Its Technology Wasn’t Well-Regarded

24 March 2023
0

The collateral feature allowed users to hold assets such as bitcoin, ether, stablecoins or even lower-market capitalization altcoins, and trade...

Load More
Next Post

Square Crypto Funds Bitcoin Developer to Improve Mining Pool Software

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • 2.1 Million BONE Bought by This Top Exchange as Shibarium Beta Goes Live
  • How To Buy Dogecoin on eToro: 5 Easy Steps
  • Are Cryptocurrencies & Gambling NFTs the Future for Online Casinos?

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$28,164.00-2.20%
  • ethereumEthereum(ETH)$1,773.84-4.11%
  • tetherTether(USDT)$1.01-0.91%
  • binancecoinBNB(BNB)$321.93-3.06%
  • usd-coinUSD Coin(USDC)$1.000.04%
  • rippleXRP(XRP)$0.430007-5.48%
  • cardanoCardano(ADA)$0.364277-5.35%
  • dogecoinDogecoin(DOGE)$0.075014-4.99%
  • staked-etherLido Staked Ether(STETH)$1,767.14-4.38%
  • matic-networkPolygon(MATIC)$1.10-4.73%
  • solanaSolana(SOL)$21.24-5.81%
  • binance-usdBinance USD(BUSD)$1.00-0.34%
  • polkadotPolkadot(DOT)$6.10-5.03%
  • litecoinLitecoin(LTC)$91.69-1.87%
  • shiba-inuShiba Inu(SHIB)$0.000011-3.59%
  • tronTRON(TRX)$0.064222-0.36%
  • avalanche-2Avalanche(AVAX)$17.13-3.78%
  • daiDai(DAI)$1.00-0.02%
  • uniswapUniswap(UNI)$6.00-7.14%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,186.00-2.15%
  • chainlinkChainlink(LINK)$7.36-3.74%
  • cosmosCosmos Hub(ATOM)$11.30-5.68%
  • leo-tokenLEO Token(LEO)$3.411.35%
  • ToncoinToncoin(TON)$2.14-4.31%
  • moneroMonero(XMR)$158.171.32%
  • ethereum-classicEthereum Classic(ETC)$20.25-4.60%
  • okbOKB(OKB)$43.82-4.59%
  • bitcoin-cashBitcoin Cash(BCH)$125.39-4.55%
  • stellarStellar(XLM)$0.089500-5.35%
  • filecoinFilecoin(FIL)$5.66-4.85%
  • AptosAptos(APT)$12.59-3.69%
  • true-usdTrueUSD(TUSD)$1.010.09%
  • lido-daoLido DAO(LDO)$2.15-11.21%
  • hedera-hashgraphHedera(HBAR)$0.060877-4.30%
  • quant-networkQuant(QNT)$122.71-5.03%
  • ArbitrumArbitrum(ARB)$1.383.04%
  • nearNEAR Protocol(NEAR)$2.02-2.59%
  • crypto-com-chainCronos(CRO)$0.068983-2.77%
  • vechainVeChain(VET)$0.023289-3.01%
  • algorandAlgorand(ALGO)$0.212177-5.20%
  • apecoinApeCoin(APE)$4.09-2.33%
  • internet-computerInternet Computer(ICP)$5.04-4.53%
  • blockstackStacks(STX)$1.07-12.19%
  • eosEOS(EOS)$1.191.68%
  • fantomFantom(FTM)$0.465619-7.45%
  • the-graphThe Graph(GRT)$0.145503-6.71%
  • the-sandboxThe Sandbox(SAND)$0.64-5.37%
  • elrond-erd-2MultiversX(EGLD)$43.05-2.85%
  • decentralandDecentraland(MANA)$0.59-4.29%
  • aaveAave(AAVE)$74.29-7.96%