Billionaire investor Bill Miller doesn’t seem phased by the seemingly neverending dip. The longtime Bitcoin bull revealed the size of his Bitcoin-related investments. And, it’s massive. Legendary investor Bill Miller: I am a #bitcoin bull ?? pic.twitter.com/1RCJ10osDU — Bitcoin Magazine (@BitcoinMagazine) January 10, 2022 Speaking to WealthTrack, famed investor Bill Miller revealed that 50% of […] The post Billionaire Investor Bill Miller Just Revealed The Size Of His Bitcoin Holdings appeared first on CryptosRus.

Billionaire Investor Bill Miller Just Revealed The Size Of His Bitcoin Holdings

Billionaire investor Bill Miller doesn’t seem phased by the seemingly neverending dip. The longtime Bitcoin bull revealed the size of his Bitcoin-related investments. And, it’s massive.

Speaking to WealthTrack, famed investor Bill Miller revealed that 50% of his portfolio is in Bitcoin or Bitcoin adjacent investments. Beyond Bitcoin itself, Miller revealed he is invested in Michael Saylor’s Microstrategy, as well as eco-friendly Bitcoin miner Stronghold Digital.

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  • 50% is a a massive allocation. And likely considered risky by most tradfi investors — even by those who recommend adding Bitcoin to a portfolio usually recommend about 1-2% allotment.
  • Miller’s reasoning behind the aggressive allocation is based on his belief in concentrating — rather than diversifying — his investments. Pointing to some of the richest people in the world (Bezos, Zuckerberg, Buffet), Miller pointed out, “they’re not widely diversified… they’re highly concentrated.”
  • “I started buying it again at 30,000 dollars, down from 66, my reasoning was there a lot more people using it now, a lot more money going into it in the venture capital world… and i thought maybe 50% is a good stopping point for it.”
  • The host of WealthTrack Consuelo Mack also noted that, “Half of Miller’s personal net worth is in bitcoin and a few other cryptocurrency investments — and its leveraged.” How leveraged, though, Miller didn’t reveal. Though, he said he’s not on “deadly margin.” He prefers Reg T margin.
  • Reg T (as in Regulation T) allows customers to leverage up to 50% of their assets through borrowing. The other 50% must be in cash.
  • When asked what the value of Bitcoin is without earnings and all that Boomer stuff, Miller said, “What’s the instrinsic value of a Picasso painting?” Miller added, “It comes down to at the very basic level to supply and demand.”
  • Miller also revealed that “Close to 50%” of his portfolio is also in Amazon.

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