Bitcoin is the Most Stable of the Cryptocurrencies, Claimed Billionaire Investor

3 min read

US billionaire investor, Bill Miller admits Bitcoin is the main image of cryptocurrencies. He argued that the famous crypto asset is as valuable as gold.

Hi traders, Bitcoin seems to recover its power after the BTC price has passed $ 8,000. The famous virtual currency does not cease to attract the attention of investors as well as the press.

Speaking for Bloomberg, the founder and CIO (Chief Investment Officer) of Miller Value Partners, also known as “Bitcoin Observer”, said that he is investing in Bitcoin (BTC) both individually and in collaboration. He acknowledges the power of the market, pointing out that no one can definitely know the end of the world’s first and most famous cryptocurrency.

Here’s what he said:

I think that it’s an interesting technological experiment. Every day that it doesn’t blow up or get regulated to zero, what’s going to happen is that more money flows into the ecosystem.”

Bitcoin is the most stable of the currencies, says Bill Miller

When asked about his view on the future of Bitcoin and altcoins, the billionaire investor claimed that:

Most of them [cryptocurrencies] are probably worthless. Bitcoin is the most stable of the currencies. I think it has the greatest probability of being successful. There are others that people like, but that’s the only one I’m interested in.”

Bitcoin brings admiration among investors

Bitcoin continues to capture the attention of investors, and Bill Miller is not the only one. This month, billionaire Marc Lasry of Avenue Capital Group declared Bitcoin (BTC) is the most influential digital currency and one that will attract the most financiers.

Is Bitcoin (BTC) better than gold?

Regarding the classification of the top-ranked crypto asset, Miller stated that Bitcoin is as good as gold. Even more, in his opinion, BTC has several advantages in addition to the precious metal, including the possibility of trading and the way of using it as a means of exchange.

Other cryptocurrency admirers such as Square CEO- Jack Dorsey and Apple co-founder, Steve Wozniak, believe that Bitcoin will become the one and only digital currency in the next decade. It remains to keep track of the market evolution.

Author: Adriana Midrigan

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