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Seeking Alpha 2022-01-10 20:10:57

Bill Miller's bitcoin investments reach 50% of his net worth

Half of Billionaire investor Bill Miller's personal net worth is tied with bitcoin-related (BTC-USD) investments, he told WealthTrack in an interview on Friday. He reveals that he started buying the world's largest digital token at around $200 per token in 2014, and stopped for some time until he only recently started buying the dips. Of course, bitcoin (BTC-USD) is now trading above $40K, though down from its all-time high of $69.4K in mid-November. Some of Miller's BTC investments are in publicly traded bitcoin-related firms, including BTC miner Stronghold Digital (SDIG -10.8%) and BTC hodlr MicroStrategy (MSTR -2.8%). Both MSTR -23% and SDIG -33% plunge in the past month as bitcoin (BTC-USD) continues to fade. Despite his heavily concentrated position, Miller says investors should allocate 1% of their liquid net worth in bitcoin because "even if its goes to zero, which I think is highly improbable, but of course possible, you can always afford to

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