Veteran billionaire investor and fund manager Bill Miller says he has "a very big position" in Bitcoin and expects the king crypto to see a lot of institutional adoption this year, particularly among endowments and foundations.
"Bitcoin is insurance against financial catastrophe as we see in Lebanon, or in Afghanistan, or many of these other countries where we saw around the time of the pandemic.
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 underpenetrated; can provide a service of insurance against financial catastrophe that no one else can provide; and can go up ten times or fifty times. The answer is: nothing."
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