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Bill Miller holds a 30% stake in Bitcoin, sees adoption as the key to success

Wall Street's famous investor Bill Miller holds 30% of his fund's assets in Bitcoin according to a recent Wall Street Journal report, based on a letter to investors. The letter made it clear that Miller's fund had invested 30% in Bitcoin in early 2016 while Bitcoin courses only represented a fraction of the current level.

The Miller Fund is up more than 70%, far exceeding most publicly known hedge funds such as Dan Loeb's Third Point LLC, which has only recorded 14% gains on the market. ;year.

Miller had previously indicated that one percent of his personal net worth was invested in Bitcoin in early 2016., causing a stir among Wall Street professionals like Dimon, Fink and Buffet who rejected Bitcoin like a bubble or a fraud. Miller, however, is not discouraged, being widely known as an excellent judge of value. Although he is not strictly optimistic about Bitcoin, Miller sees an opportunity there, saying:

"I believe that there is always a non-trivial chance that Bitcoin will set to zero, but every day more venture capital flows circulating in the Bitcoin ecosystem and more and more people are becoming familiar with Bitcoin and buy it. "