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Bill Miller: Institutional Trickle Into Bitcoin Could Become A Torrent


Bill Miller: Institutional Trickle Into Bitcoin Could Become A Torrent

Famed Fund Manager Bill Miller says the institutional money trickling into Bitcoin could become a torrent if inflation picks up.


Miller Value Partners founder, Bill Miller was writing in his Q4 2020, Market Letter, saying because of the Fed’s inflationary policy companies holding cash were generating ‘guaranteed losses.’


‘The Fed is pursuing a policy whose objective is to have investments in cash lose money in real terms for the foreseeable future,’ said Miller.


‘If inflation picks up, or even if it doesn’t, and more companies decide to diversify some small portion of their cash balances into Bitcoin instead of cash, then the current relative trickle into Bitcoin would become a torrent.’


Bitcoin on Corporate Balance Sheets


The legendary fund manager referenced the likes of MicroStrategy, MassMutual and Square to support his assertions about the demand for Bitcoin as an opt-out of the inflation infested fiat world. Read More