Published On: Sun, Oct 29th, 2017

Big Investors are Making Big Money with Bitcoin

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Bitcoin’s base of supporters is growing and increasingly pouring money into the cryptocurrency ecosystem. Now, this base is attracting financial giants, who are becoming familiar with Bitcoin’s value and perceiving its fantastic potential. As a result, they are seriously starting to invest in the cryptocurrency. For example, Bill Miller is successfully investing a third of his hedge fund’s capital in Bitcoin.
Once a Successful Stock Market Investor, Now a Successful Bitcoin Investor
Bill Miller
Influential investor Bill Miller managed a portfolio that beat the stock markets for the period 1991-2005. Now, he is also making lots of money with Bitcoin.
According to a Wall Street Journal report, Miller has invested 30 percent of his fund’s assets in Bitcoin. Notably, he bought Bitcoin when it was $350 USD. As of this writing, Bitcoin’s price is above $5,900 USD.
Among its $2.3 billion in assets is a $154 million hedge fund, MVP 1. The fund is up 72.5% so far this year, Mr. Miller said in an interview. It has about 30% of its assets in bitcoin, he said, up from about 5% in 2016.
 

Famed value-fund manager Bill Miller is bullish on bitcoinhttps://t.co/l7xXl5h8pE via @ …

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