Bitcoin's Intrinsic Value is Multiples of Its Current Price, Says Hedge Fund Legend Bill Miller

IconCryptoNewsTerminal Staff11 Jun, 2024

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Bitcoin's Intrinsic Value is Multiples of Its Current Price, Says Hedge Fund Legend Bill Miller

Bill Miller, CIO of Miller Value Partners and a hedge fund legend, said in an interview that Bitcoin's intrinsic value is multiples of its current price. He added that he is "still betting on Bitcoin," saying that "Bitcoin sits at the center of a secular change in the way humans think about capital and its governance. Bitcoin naysayers will have a difficult time over the next decade." Miller's comments come as Bitcoin has been trading sideways in recent weeks, after hitting an all-time high of nearly $69,000 in November. However, Miller remains bullish on Bitcoin, saying that he believes it is "the best way to protect your wealth in the long run." Miller's comments are sure to add fuel to the debate over the intrinsic value of Bitcoin. Some experts believe that Bitcoin has no intrinsic value, while others believe that it is worth far more than its current price. Only time will tell who is right.

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