Bill Miller Sees Bitcoin as Undervalued Investment

Billionaire investor Bill Miller maintains that Bitcoin is “significantly undervalued” despite its recent high performance compared to fiat currencies. In his latest publication, Miller reaffirms his long-standing belief in Bitcoin’s transformative potential, first expressed in a 2015 article. He argues that current monetary systems, controlled by human judgment, are prone to error and political influence, leading to currency debasement. Miller sees Bitcoin as a superior alternative, offering a decentralized, automated, and transparent global ledger network. He likens Bitcoin to revolutionary technologies developed by companies like NVIDIA and Google, emphasizing its potential as a significant technological breakthrough. Miller believes Bitcoin’s intrinsic value far exceeds its current market capitalization and warns that ignoring Bitcoin could be detrimental in the long run. His insights contribute to the ongoing debate about digital assets’ role in the global economy, with further discussions anticipated at Benzinga’s Future of Digital Assets event on Nov. 19.