The post Bill Miller Says Bitcoin’s Current Price Levels Are ‘Pretty Remarkable’ appeared first on Coinpedia Fintech News
Despite Thursday’s carnage on the US stock market, the price of bitcoin (BTC) remained stable. The unanticipated breakthrough of BTC last week led to a rally to almost $18,357 before a severe fall at the end of the week. In the end, BTC ended the week at $16,781. At the time of writing, Bitcoin was trading at $16,843 and was up by more than one percent.
According to investor Bill Miller, one catalyst will probably help Bitcoin (BTC) to reverse and perform better. Miller said that despite its volatility, Bitcoin may be included in investment portfolios as a “sound speculation”.
In a recent interview with Barrons, he recalled that Bitcoin was $5,800 at the market low in 2020. The price of one bitcoin is currently roughly $17,400. Since then, Bitcoin has increased by 190%, and the market has gained by 70%.
He added, “If anyone has a time horizon of
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