Bill Miller: "Bitcoin is very different from centralized crypto companies" – Bits Media

Investor and billionaire counts, that bitcoin as a project is radically different from centralized cryptocurrency projects and is able to function without failures.

In an interview with CNBC channel, Bill Miller (Bill Miller) stated, that bitcoin has nothing to do with such organizations as FTX and Celsius Network, The collapse of which scared away many potential investors from the cryptocurrency industry. FTX and Celsius suffered a fiasco largely due to that, that their activities depended on their own leadership, What can not be said about the BTC blockchain. Miller drew attention to the traditional market during the pandemic, When the US Federal Reserve System (FRS) I had to intervene in the struggle for liquidity and print a large amount of money.

“FRS threw the market a lifebuoy, Whereas Bitcoin perfectly coped with difficulties on his own. The first cryptocurrency is traded around the clock, And there were no failures on the bitcoins market. ", - noted Bill Miller.

The investor touched on the theme of the volatility of the first cryptocurrency, for which it is often criticized by supporters of investment in traditional assets. Miller emphasized, that over the past month, Bitcoin has been much less volatile, than the stock market. Despite the situation with the FTX exchange and the arrest of its founder Sam Bankman-Frida (Sam Bankman-Fried), which the 22 December was released on bail in $250 million, Bitcoin remains the leader in market capitalization of cryptocurrencies, Added an investor. Now this indicator reaches $331.9 billion, and bitcoin is traded above $17 200 for a coin.

Last year, Miller also spoke in support of Bitcoin, By calling it a tool for access to financial services, which does not lose its effectiveness even during military conflicts and the economic crisis.