Hedge Founder, Miller Says Bitcoin Froth Is Important For Durability Test

Image result for founder of the Hedge Fund, Bill Miller

The founder of the Hedge Fund, Bill Miller, says that Bitcoin is a good thing and feels that it will help us to know where we stand in the market. There is no need to worry about the Bitcoin volatility and it must not be a reason to shoo away the investors interested in putting money on the cryptocurrency.

Miller says that he is a keen Bitcoin observer and not a believer in the cryptocurrency. He is very happy with the invention of the Bitcoin currency when compared to other major inventions of the modern day.

He feels that Bitcoin bubble in the marketplace about its huge volatility is a thing that is needed for the market. This bubble will give the chance for everyone to understand if this new technology can be used or not.

Only if there are bubbles in the market will there is new capital entering the market. This will help one know if the inventions are there to stand. The prices of the Bitcoin skyrocketed to a record high of $20,000 a coin in December 2017. He said that 50 percent of his hedge fund is invested in Bitcoins. Many others on the Wall Street are not so optimistic about Bitcoin like Miller.

You May Also Like

mm

About the Author: Ben Sampson

Ben is a reporter who mainly focuses on emerging crypto technology. Before joining the BitCoinPluseNews, he worked as a researcher and writer for the Institute for Northern Studies at Golden State University and as a freelance journalist in Portalnd, having been published by over 20 outlets including NPR, the Center for Media and Democracy,The Huffington Post, Salon, Truthout and VICE.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: