{"id":41146,"date":"2021-04-21T13:17:52","date_gmt":"2021-04-21T10:17:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41146"},"modified":"2025-08-30T17:29:12","modified_gmt":"2025-08-30T14:29:12","slug":"bill-miller-bitcoin-is-not-a-bubble-volatility-is-the-price-of-its-advantages","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bill-miller-bitcoin-is-not-a-bubble-volatility-is-the-price-of-its-advantages\/","title":{"rendered":"Bill Miller: Bitcoin is not a bubble; volatility is the price of its advantages."},"content":{"rendered":"<p>The first cryptocurrency has firmly entered the mainstream, and the price rise in recent months is markedly different from the 2017 rally that was followed by a crash. This view was voiced by famed American investor Bill Miller.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Bill Miller says <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is like digital gold\u2026and while demand is booming, the price is volatility<a href=\"https:\/\/twitter.com\/KellyCNBC?ref_src=twsrc%5Etfw\">@KellyCNBC<\/a> <a href=\"https:\/\/twitter.com\/CNBC?ref_src=twsrc%5Etfw\">@CNBC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#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:\/\/t.co\/FIqJBHsW1f\">pic.twitter.com\/FIqJBHsW1f<\/a><\/p>\n<p>\u2014 The Exchange (@CNBCTheExchange) <a href=\"https:\/\/twitter.com\/CNBCTheExchange\/status\/1384565491876892675?ref_src=twsrc%5Etfw\">April 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u041f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0440\u0430\u0441\u0442\u0435\u0442 \u043d\u0430 2% \u0432 \u0433\u043e\u0434, \u0430 \u0441\u043f\u0440\u043e\u0441 \u0443\u0432\u0435\u043b\u0438\u0447\u0438\u0432\u0430\u0435\u0442\u0441\u044f \u0431\u044b\u0441\u0442\u0440\u0435\u0435. \u042d\u0442\u043e \u0432\u0441\u0435, \u0447\u0442\u043e \u0432\u0430\u043c \u0434\u0435\u0439\u0441\u0442\u0432\u0438\u0442\u0435\u043b\u044c\u043d\u043e \u043d\u0443\u0436\u043d\u043e \u0437\u043d\u0430\u0442\u044c. \u0418 \u044d\u0442\u043e \u043e\u0437\u043d\u0430\u0447\u0430\u0435\u0442 \u0434\u0430\u043b\u044c\u043d\u0435\u0439\u0448\u0438\u0439 \u0440\u043e\u0441\u0442 \u0446\u0435\u043d\u044b\u00bb, \u2014 \u0437\u0430\u044f\u0432\u0438\u043b \u043e\u0441\u043d\u043e\u0432\u0430\u0442\u0435\u043b\u044c \u0438 \u0433\u043b\u0430\u0432\u043d\u044b\u0439 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u043e\u043d\u043d\u044b\u0439 \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 Miller Value Partners.\u00a0\u00a0<\/p>\n<\/blockquote>\n<p>According to Miller, the 2017 rally was, in fact, a bubble that eventually burst. Things are different now, he says.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u042f \u043d\u0435 \u0434\u0443\u043c\u0430\u044e, \u0447\u0442\u043e \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0432 \u043f\u0443\u0437\u044b\u0440\u0435. \u0421\u0447\u0438\u0442\u0430\u044e, \u0447\u0442\u043e \u0441\u0435\u0439\u0447\u0430\u0441 \u044d\u0442\u043e \u043d\u0430\u0447\u0430\u043b\u043e \u0435\u0433\u043e \u0448\u0438\u0440\u043e\u043a\u043e\u0433\u043e \u043f\u0440\u0438\u043c\u0435\u043d\u0435\u043d\u0438\u044f\u00bb, \u2014 \u043e\u0442\u043c\u0435\u0442\u0438\u043b \u041c\u0438\u043b\u043b\u0435\u0440.<\/p>\n<\/blockquote>\n<p>The volatility of the cryptocurrency he called the &#8216;price&#8217; you pay for its performance.<\/p>\n<p>He supported those who view Bitcoin as digital gold, adding that the cryptocurrency is more practical to use than gold.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u0411\u0438\u0442\u043a\u043e\u0438\u043d \u043b\u0435\u0433\u043a\u043e \u0442\u0440\u0430\u043d\u0441\u043f\u043e\u0440\u0442\u0438\u0440\u043e\u0432\u0430\u0442\u044c \u0438 \u043c\u043e\u0436\u043d\u043e \u043e\u0442\u043f\u0440\u0430\u0432\u0438\u0442\u044c \u0432 \u043b\u044e\u0431\u0443\u044e \u0442\u043e\u0447\u043a\u0443 \u043c\u0438\u0440\u0430, \u0435\u0441\u043b\u0438 \u0443 \u0432\u0430\u0441 \u0435\u0441\u0442\u044c \u0441\u043c\u0430\u0440\u0442\u0444\u043e\u043d. \u0422\u0430\u043a \u0447\u0442\u043e \u044d\u0442\u043e \u0433\u043e\u0440\u0430\u0437\u0434\u043e \u043b\u0443\u0447\u0448\u0430\u044f \u0432\u0435\u0440\u0441\u0438\u044f \u0441\u0440\u0435\u0434\u0441\u0442\u0432\u0430 \u0441\u0431\u0435\u0440\u0435\u0436\u0435\u043d\u0438\u044f, \u0447\u0435\u043c \u0437\u043e\u043b\u043e\u0442\u043e\u00bb, \u2014 \u043f\u043e\u0434\u0447\u0435\u0440\u043a\u043d\u0443\u043b \u041c\u0438\u043b\u043b\u0435\u0440.<\/p>\n<\/blockquote>\n<p>In January, when the cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-climbs-above-41000\">surpassed<\/a> the $41 000 level, <a href=\"https:\/\/u1f987.com\/en\/news\/bill-miller-bitcoin-price-could-rise-significantly-above-current-levels\">the investor said<\/a> that the price had not yet exhausted its growth potential.\u00a0 <\/p>\n<p>On April 14, Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-clears-64000-as-ethereum-climbs-above-2350\">reached a new all-time high<\/a> above $64 000. By April 18, the price <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-slides-10\">had fallen<\/a> below $60 000.<\/p>\n<p>The Opportunity Trust, the Miller-founded fund with assets of $2.25 billion, plans <a href=\"https:\/\/u1f987.com\/en\/news\/bill-millers-fund-plans-to-invest-up-to-337-million-in-bitcoin\">to invest 15%<\/a> of its assets in Grayscale Investments&#8217; Bitcoin Trust.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first cryptocurrency has firmly entered the mainstream, and the price rise in recent months is markedly different from the 2017 rally that was followed by a crash. This view was voiced by famed American investor Bill Miller.<\/p>\n","protected":false},"author":1,"featured_media":41147,"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":[1698,1138],"class_list":["post-41146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bill-miller","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41146","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=41146"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41146\/revisions"}],"predecessor-version":[{"id":41148,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41146\/revisions\/41148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41147"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}