Bill Miller Has 30% Stake in Bitcoin, Sees Adoption as Key to Success

Famous Wall Street investor Bill Miller has a bullish 30 percent of his fund’s assets in Bitcoin according to a recent report from the Wall Street Journal, based on a letter to investors. The letter made it clear that Miller’s fund put 30 percent into Bitcoin back in early 2016 when Bitcoin prices were a fraction of the current level.

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Miller’s fund is up for the year more than 70 percent, far outperforming even the most publicly known hedge funds like Dan Loeb’s Third Point LLC, which has only posted 14 percent gains on the year.

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