{"id":34453,"date":"2021-01-09T18:38:19","date_gmt":"2021-01-09T16:38:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34453"},"modified":"2025-08-28T20:38:28","modified_gmt":"2025-08-28T17:38:28","slug":"bill-miller-bitcoin-price-could-rise-significantly-above-current-levels","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bill-miller-bitcoin-price-could-rise-significantly-above-current-levels\/","title":{"rendered":"Bill Miller: Bitcoin price could rise significantly above current levels"},"content":{"rendered":"<p>The seventy-year-old investor Bill Miller said that the first cryptocurrency still has significant growth potential. The price could rise &#8220;significantly higher,&#8221; backed by strong demand from institutional and retail investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Famed value investor Bill Miller told <a href=\"https:\/\/twitter.com\/KellyCNBC?ref_src=twsrc%5Etfw\">@KellyCNBC<\/a> there\u2019s no need to fear the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Boom, as the cryptocurrency surges to all-time highs above $41,000 today:<\/p>\n<p>\u00abBitcoin gets less risky the higher it goes\u00bb<a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/B3_MillerValue?ref_src=twsrc%5Etfw\">@B3_MillerValue<\/a> <a href=\"https:\/\/twitter.com\/MillerValue?ref_src=twsrc%5Etfw\">@MillerValue<\/a> <a href=\"https:\/\/twitter.com\/CNBCTheExchange?ref_src=twsrc%5Etfw\">@CNBCTheExchange<\/a> <a href=\"https:\/\/twitter.com\/CNBC?ref_src=twsrc%5Etfw\">@CNBC<\/a> <a href=\"https:\/\/t.co\/mgbmekTqEy\">pic.twitter.com\/mgbmekTqEy<\/a><\/p>\n<p>\u2014 The Exchange (@CNBCTheExchange) <a href=\"https:\/\/twitter.com\/CNBCTheExchange\/status\/1347624129848074240?ref_src=twsrc%5Etfw\">January 8, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, firms such as Square and PayPal purchase newly issued bitcoins every day. Retail investor demand is also rising. Meanwhile, the supply of digital gold grows slowly. This helps lay the groundwork for Bitcoin to reach new highs.<\/p>\n<p>Miller added that while people ponder where the price peak lies, the Federal Reserve\u2019s zero-interest-rate policy puts cash in a \u201cguaranteed losing situation.\u201d That means holding 1\u20132% of a portfolio in Bitcoin is a sound hedge against risk, even if the cryptocurrency eventually crashes.<\/p>\n<blockquote>\n<p>\u201cI think owning a small amount of Bitcoin is more a risk-management strategy than anything else,\u201d the American investor emphasised.<\/p>\n<\/blockquote>\n<p>The billionaire first invested in cryptocurrency in 2014, putting 1% of his net assets into it. In 2017 the hedge fund MVP 1 he founded substantially increased Bitcoin\u2019s share in the portfolio.<\/p>\n<p>Earlier this month, the investment bank <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-forecasts-bitcoin-at-146000\">JP Morgan<\/a> forecast Bitcoin at $146,000.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The seventy-year-old investor Bill Miller said that the first cryptocurrency still has significant growth potential. The price could rise &#8220;significantly higher,&#8221; backed by strong demand from institutional and retail investors.<\/p>\n","protected":false},"author":1,"featured_media":34454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1698,480,1138],"class_list":["post-34453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bill-miller","tag-bitcoin-price","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34453"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34453\/revisions"}],"predecessor-version":[{"id":34455,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34453\/revisions\/34455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34454"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}