Miller Value Partners Chairman and CIO Bill Miller IV appears alongside Grace Remington and Sean Hagan on BMTV to detail why his outlook on Bitcoin remains optimistic even as market sentiment drops close to levels seen during the FTX collapse. He notes that Bitcoin shifted from $63,000 to $87,000 and then back down to $68,000 within a short period of months, contending that price fluctuations are simply the cost of holding top-tier performing assets. Drawing a comparison to gold, he explains the reasons why Bitcoin’s total addressable valuation sits well past its current market capitalization, and why an annual supply growth rate of 80 basis points makes it scarcer than gold.
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Originally published at https://bitcoinmagazine.com/videos/bill-miller-iv-theyre-not-printing-more-bitcoin.
