Legendary Investor Bill Miller Has Been Buying Bitcoin Since $200.
Market-beating investor and famed fund supervisor Bill Miller stated he has been shopping for Bitcoin because it price simply $200, according to Business Insider.
If true, then Miller has been within the Bitcoin market since 2015, which was the final time Bitcoin fell between $200 to $300 per coin. Miller claimed the typical price of his Bitcoin was about $500. Bitcoin is presently buying and selling round $45,000, suggesting Miller has made a few 9000% acquire, if he has held onto his funding.
According to a latest 13F submitting reported by Business Insider, Miller Value Partners purchased 121,185 shares (price roughly $30 million) of the newly public Coinbase within the second quarter of 2021. That funding has not paid off in addition to shopping for Bitcoin, because the altcoin trade is down round 24% since going public in April.
Notably, no funding held since 2015 has outperformed Bitcoin. Miller’s early adoption is partly what made him a billionaire regardless of the wealth he misplaced through the 2008 monetary disaster.