Famous investor Bill Miller keeps 50% of his personal wealth in Bitcoin and Bitcoin-linked funds.
In an interview with WealthTrack, Miller said that he is very optimistic about Bitcoin and has allocated 50% of his personal assets to leading crypto with investments closely tied to crypto.
Miller, who gained fame by breaking the S&P 500 index for 15 consecutive years as a fund manager at Legg Mason between 1991 and 2005, invested heavily in Bitcoin in the funds he previously managed.
Miller said that he started personally buying Bitcoin at around $200 in 2014.
Although Miller bought more Bitcoins over time, he stopped buying until the value of the asset began to decline as its value rose.
Miller noted that some of his personal Bitcoin investments are in Bitcoin miner Stronghold Digital (SDIG) and MicroStrategy, which holds billions of dollars worth of Bitcoin on its balance sheet.
Emphasizing that Bitcoin is a digital gold, Miller said that he can be called a “Bitcoin bull” rather than just a “Bitcoin watcher”.
Miller said that average investors should invest 1% of their assets in Bitcoin.