{"id":48935,"date":"2021-09-06T11:41:14","date_gmt":"2021-09-06T08:41:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48935"},"modified":"2025-09-02T09:58:15","modified_gmt":"2025-09-02T06:58:15","slug":"bill-millers-fund-flags-potential-for-bitcoin-to-become-digital-gold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bill-millers-fund-flags-potential-for-bitcoin-to-become-digital-gold\/","title":{"rendered":"Bill Miller’s fund flags potential for Bitcoin to become digital gold"},"content":{"rendered":"

Society is at an early stage of Bitcoin adoption, with its capitalization set to match gold’s overall market value. This is stated in the \u043e\u0442\u0447\u0435\u0442\u0435<\/a> Miller Opportunity Trust for the SEC<\/span>.<\/p>\n

In August the fund disclosed information<\/a> about the purchase of 1.5 million shares of Grayscale Bitcoin Trust (GBTC) worth $44.7 million as of June 30. The instrument’s share of the fund’s total assets was 1.55%.<\/p>\n

\n
\"Bill
Structure of Miller Opportunity Trust investments. Data: SEC.
<\/figcaption><\/figure>\n<\/div>\n
\n

\u201cBitcoin will remain volatile. But we deem the risk-reward ratio attractive. In the future we expect Bitcoin\u2019s capitalization to reach gold\u2019s benchmark of $11 trillion.\u201d<\/em>, the document states.<\/p>\n<\/blockquote>\n

The factor driving GBTC purchases was the observed discount of the instrument’s price to Bitcoin quotes. In May it exceeded 20%<\/a>. As of writing, it stands at 13.07%.<\/p>\n

\n
\"GBTC
GBTC premium\/discount to NAV dynamics. Data: yCharts<\/a>.<\/figcaption><\/figure>\n<\/div>\n

\u0412 April 2021, Bill Miller stated that digital gold is not a bubble<\/a>, and called volatility the price you pay for the advantages of the first cryptocurrency.<\/p>\n

Earlier the billionaire described as trivial<\/a> the drop in Bitcoin\u2019s price in May<\/a>.<\/p>\n

Subscribe to ForkLog news on VK<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"

Society is at an early stage of Bitcoin adoption, with its capitalization set to match gold’s overall market value, according to the Miller Opportunity Trust report to the SEC.<\/p>\n","protected":false},"author":1,"featured_media":48936,"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":[1698,18,536,1214],"class_list":["post-48935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bill-miller","tag-bitcoin","tag-gold","tag-grayscale-bitcoin-trust"],"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\/48935","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=48935"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48935\/revisions"}],"predecessor-version":[{"id":48937,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48935\/revisions\/48937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48936"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}