Legendary Wall Street trader Bill Miller believes Bitcoin will recover 1,000 times.

Bill Miller, Managing Director and COO of Miller Partners, shares his thoughts on cryptocurrency investing and why he's excited about Bitcoin. Bill Miller, the famous "gold finger" of American consolidation, won the S&P 500 for the 15th consecutive year.

In an interview with FutureProof, the CEO of an investment firm that now manages $ 3 billion in assets, described the beginnings of his path to BTC trust.

“I got into bitcoin around 2013. When I started buying bitcoin it was around $ 200. Then it went from $ 1,100 to $ 1,200 before Mt. Gox fell. In 2014, [Bitcoin] fell below $ 200 again in 2018. I started buying again. My average price is around $ 300 (pieces). "

Miller said he has become an early consumer and a long-time advocate for the world's best cryptocurrencies for a number of key reasons.

"The essence of what Bitcoin is trying to do is that there are many ways to earn." And these features are useful because Bitcoin has a potential of 21 million, is decentralized, and cannot be linked with. "

From an investment perspective, Miller said Bitcoin is still very profitable for risk-level rewards. He advises a small wallet distribution for Bitcoin, ranging from 1% to 2%. In the long run, he believes his BTC investment could achieve a return of over 1,000 times.

"I can do 100x. I can do 1000x, maybe more. But at best I will lose 100% (Bitcoin price goes to zero) ... However, Bitcoin is still in my hand. (Coins won't depreciate) no) I do not sell bitcoins ...

In the 1970s and early 1980s, people started talking about investing 5% of their assets in gold. Because gold can be a hedge. Price inflation insurance has re-offended, as it did in the 1970s. If it is wise to do so, I think it makes sense to have 1-2% of your current Bitcoin insurance.

Seasoned traders also give specific examples of why Bitcoin is less risky now than it was when it was below $ 100.

“For most of the assets you buy, the higher the price, the lower the residual value and the higher the risk. But Bitcoin is different. It is very risky when trading at $ 1, $ 5 or $ 10. $. It goes away easily. "