Legendary Investor Bill Miller Has Been Buying Bitcoin Since $200

2021-8-19 22:36

Market-beating Investor And Famed Fund Manager Bill Miller Said He Has Been Buying Bitcoin Since It Cost Just $200.

Market-beating investor and famed fund manager Bill Miller said he has been buying Bitcoin since it cost just $200, according to Business Insider.

If true, then Miller has been in the Bitcoin market since 2015, which was the last time Bitcoin fell between $200 to $300 per coin. Miller claimed the average cost of his Bitcoin was about $500. Bitcoin is currently trading around $45,000, suggesting Miller has made about a 9000% gain, if he has held onto his investment.

According to a recent 13F filing reported by Business Insider, Miller Value Partners bought 121,185 shares (worth roughly $30 million) of the newly public Coinbase in the second quarter of 2021. That investment has not paid off as well as buying Bitcoin, as the altcoin exchange is down around 24% since going public in April.

Notably, no investment held since 2015 has outperformed Bitcoin. Miller’s early adoption is in part what made him a billionaire despite the wealth he lost during the 2008 financial crisis. 

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Bitcoin (BTC) на Currencies.ru

$ 98043.02 (-0.13%)
Объем 24H $42.475b
Изменеия 24h: -0.49 %, 7d: 7.38 %
Cегодня L: $97633.19 - H: $98572.23
Капитализация $1940.05b Rank 1
Цена в час новости $ 46575.08 (110.51%)

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