Legendary investor Bill Miller likens Bitcoin to a Ferrari and gold to a “Horse and Buggy”

Legendary investor Bill Miller likens Bitcoin to a Ferrari and gold to a “Horse and Buggy”

Ex-Legg Mason CIO Bill Miller compared Bitcoin to a Ferrari car while commenting on the narrative that the flagship crypto could replace gold. According to Miller, gold reminded him of the horse-and-buggy days.

Miller described Bitcoin as “turbo-charged gold” last June prior to Bitcoin’s epic Bull Run. He was one of the first Wall Street fellows to embrace Bitcoin way back in 2014. His conviction paid immense dividends as he regained his billionaire status, thanks to Bitcoin and Amazon after he lost 90 percent of his net worth during the global financial crisis in the late 2000s.

In late September, the Miller Opportunity Trust (an investor’s mutual fund) reported owning 1.5 million shares in Grayscale Bitcoin Trust.

Recall that Bill Miller stepped forward to tackle famous investor Warren Buffett for calling Bitcoin a “rat poison.” He stated that if Bitcoin is ‘rat poison,’ then cash is the rat.

Speaking of Bitcoin, the flag cryptocurrency reclaimed the $50,000 level earlier today. On the flip side, a few people still believe gold has great value, while others slam the yellow metal for being outdated and old-fashioned.

Bridgewater Associates CEO Ray Dalio has backed the lustrous metal over Bitcoin because, according to him, gold has been a consistent store of value for thousands of years.

Read more

Stably Introduces Stablecoin Development & Advisory Services for Institutions & Enterprises

Stably Introduces Stablecoin Development & Advisory Services for Institutions & Enterprises

Seattle, United States / Washington, June 24th, 2025, Chainwire Stably—a Seattle-based pioneer in stablecoin and decentralized finance (DeFi) infrastructure—is launching a comprehensive suite of solutions designed to help financial institutions and enterprises issue their own branded stablecoins. The company’s Stablecoin-as-a-Service (SCaaS) solutions include custom development and advisory services

By John Williams
GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor with Operational License from VARA

GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor with Operational License from VARA

Dubai, UAE, June 23rd, 2025, Chainwire GAP 3 Partners (“G3”), a Dubai-based institutional virtual asset advisory firm, today announced that it has been granted an Operational License by the Dubai Virtual Assets Regulatory Authority (VARA). With this advisory license, G3 becomes the first regulated Virtual Asset Investment Advisor authorized to

By John Williams