Bill Miller: "Every major investment bank will own BTC"

Large American investor and manager Bill Miller (Bill Miller) said, that the cost of bitcoin is unlikely to fall to zero, And large investment banks will be invested in cryptocurrency.

Bill Miller expressed his position on Bitcoin in interview
CNBC. According to him, The risk of reducing bitcoin prices to zero "Below, than ever before ". He also predicted an increase in institutional investment in cryptocurrency.

“The story with bitcoin is very simple – This is demand and offer ", – Miller said. “The number of bitcoins in circulation is growing approximately 2.5% in year, And demand is growing faster ".

Bill Miller is a famous figure in the industry of traditional investments. When he led Legg Mason Capital Management Value Trust Fund, Fund for 15 years ahead of the index s&P 500. Now Miller is the main investment director of Miller Value Partners. In December 2017 Miller reported for years, that his hedge fund mvp1 invested
half of their investments in BTC.

In an interview with CNBC, Miller warned of "returning" inflation, Since the federal reserve system "continues to print money", and about the upcoming tax benefits of the US Congress. Miller said, that each large investment bank and a high income company will ultimately own bitcoin or gold. He added, that the BTC showed himself well for the last three, Five- And a ten -year period.

Miller is a member of the University of John Hopkins University Investment Committee in Baltimore. According to him, The investment director of the Fund said, that "everyone wants to own at least some btc".

"Fund, perhaps, will never buy BTC ", – Miller said. "Nevertheless, For the college fund is a bold statement ".