Bill Miller on why a high Bitcoin price means lower investment risk

posted 3 months ago
Popular investor Bill Miller aired his sentiments during an interview with CNBC. According to him, the higher price for Bitcoin represents a less risky investment opportunity since the crypto is gaining more popularity and favor among investors. Interestingly, the risk factor plays in a different manner to that of the stock market. The risk of investing in a stock asset increases as price increases. Not so for Bitcoin.

Going on, Miller opined that Bitcoin isn’t yet done with the price growth. He sees the crypto gaining anywhere between 50-100% over the course of 2021. Additionally, in his opinion, any investor who doesn’t like price corrections should probably stay away from Bitcoin. Either way, the crypto has great potential.
Tags: opinion, bitcoin