Wall Street legend offers a compelling investment pitch for Bitcoin

Wall Street investing legend and chairman of the investment firm Miller Value Partners, Bill Miller, is generating a powerful opportunity for Bitcoin investment, marking it the single best performing asset over several time periods. Just recently, Miller made his comments about Bitcoin in an interview with CNBC, demonstrating the rising demand is projected to exceed Bitcoin supply.

Miller said,

“The Bitcoin story is very easy, it’s supply-demand. It’s economics not 101 but .01 which is Bitcoin’s supply is growing around 2.5% a year, and the demand is growing faster than that, and there’s going to be a fixed number of them.”

While acknowledging the reputation of Bitcoin’s volatility, the co-founder of Miller Value Partners believes that the digital currency is leading the way and the Bitcoin revolution is here.

Large investment groups have started to join in buying Bitcoin, specifically the multi-million-dollar positions of MicroStrategy and Square, and PayPal's entry into the world of Bitcoin. Miller expects an astonishing surge in demand when more investors come to Bitcoin.

He commented,

“I think every major bank, every major investment bank, every major high-net-worth firm is going to eventually have some exposure to Bitcoin or what’s like it, which is gold or some kind of commodities.”

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