Billionaire Bill Miller has said that half of his portfolio is focused on cryptocurrencies. The financier has channeled 50% of the assets into Bitcoin. Notably, Miller has said that he acquired his first BTC in 2014.
Then the billionaire gradually ramped up investments in Bitcoin. However, over the past few years, he has not purchased BTC, and only resumed purchases last year.
Miller thinks cryptocurrencies are the digital version of gold. He is optimistic about the future prospects for Bitcoin and thinks it will not drop to zero.
The largest crypto started the new week with yet another retreat. For the first time since September, the coin fell below $40,000, however, it is now trading above $42,000.