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Early Amazon Investor Bill Miller is Still Bullish on Bitcoin Despite the Recent Crash – What Does he Know?
26 Dec 2022 02:00 AM
By Ruholamin Haqshanas
Bill Miller, a famed American investor, fund manager, and philanthropist, is still bullish on Bitcoin despite the recent crypto meltdown that has seen the price of the flagship cryptocurrency plunge by around 75% compared to its all-time high.
In an interview with Barron’s on Thursday, Miller said he is surprised Bitcoin has not lost more value amid the recent collapse of FTX, once the third-largest crypto exchange in the world that filed for bankruptcy in early November. He said:
"I’m surprised Bitcoin isn’t at half of its current price given the FTX implosion. People have fled the space, so the fact that it’s still hanging in there at $17,000 is pretty remarkable."
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