Bitcoin? It's a Ferrari, gold a horse-drawn carriage: the word of investment legend Bill Miller

Bitcoin? It's a Ferrari, gold a horse-drawn carriage: the word of investment legend Bill Miller

Bitcoin? It's a Ferrari, gold a horse-drawn carriage

Bill Miller is a real living legend of investments in the United States, so it is normal that his idea about bitcoin and gold as safe haven assets caused a sensation: Miller in fact compared the first to a Ferrari and the second to a carriage. horses.

Miller was one of the first Wall Street investors to embrace bitcoin, back in 2014, getting the move right: after losing 90% of his net worth during the global financial crisis at the end of the 2000s, in fact, he regained his status as a billionaire thanks to bitcoin and Amazon.

As reported by U.Today, the Miller Opportunity Trust, the investor's mutual fund, reported that it owns 1 , 5 million shares in Grayscale Bitcoin Trust at the end of September. Bitcoin is currently valued at around $ 50,000. But obviously not everyone agrees in seeing gold as an obsolete and antiquated asset. Bridgewater Associates CEO Ray Dalio, for example, prefers the noble metal to bitcoin, as the former has acted as a store of value for thousands of years.