Bill Miller’s Hedge Fund Sees Bitcoin Having ‘Significant Upside Potential’ a...
In a report filed with the U.S. Securities and Exchange Commission (SEC), the fund managers for the Miller Opportunity Trust, Bill Miller’s hedge fund, state that “bitcoin has significant upside potential as a form of digital gold.” The report details that despite its volatility, bitcoin’s “risk-reward is attractive.” Hedge Fund Manager Sees Bitcoin’s ‘Significant Upside Potential’ Miller Value Funds’ semi-annual report for the Miller Opportunity Trust, filed with the U.S. Securities and Exchange Commission (SEC) last....
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Billionaire hedge fund manager Bill Miller’s flagship fund will soon be able to add bitcoin exposure by investing in Grayscale’s bitcoin trust (GBTC), according to its filing with the U.S. Securities and Exchange Commission (SEC). The fund currently has about $2.25 billion in assets under management. Bill Miller’s $2.25M Hedge Fund to Invest in GBTC The Miller Opportunity Trust, a hedge fund in the Miller Value Funds family, has filed an amendment to its registration statement with the U.S. SEC to be able to gain exposure to bitcoin. Billionaire investor Bill Miller....
Bill Miller is set to increase his Bitcoin exposure by plowing 15% of one of his portfolios to buy Grayscale BitcoinTrust shares. Hedge fund legend Bill Miller is exhibiting an even larger appetite for Bitcoin (BTC). According to a Friday filing with the United States Securities and Exchange Commission, The Miller Opportunity Trust is seeking indirect exposure to BTC via the Grayscale Bitcoin Trust.The planned investment is coming at a time when the GBTC premium is at its lowest level since April 2019.If the GBTC shares acquisition does pull through, it will mark a significant departure....
Billionaire hedge fund manager Ray Dalio, a long-time bitcoin skeptic, is warming up to the cryptocurrency. The founder of Bridgewater Associates, the world’s largest hedge fund, now says that bitcoin “could serve as a diversifier to gold and other such storehold of wealth assets.” Bridgewater’s Ray Dalio Sees Bitcoin’s Role in Investment Portfolios Bridgewater Associates founder Ray Dalio, who has long been skeptical about bitcoin, now says that the cryptocurrency has a place in investment portfolios. In a Reddit AMA on Tuesday, Dalio clarified his view about....
According to professional trader Scott Melker, Ethereum’s “tremendous upside potential” could overshadow Bitcoin this year. Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt szn is upon usMelker sees this period of Bitcoin’s price consolidation as particularly bullish for the second largest cryptocurrency, that recently reached new all time highs. Melker sees Ether’s outstanding performance as the main catalyst of the recent altcoin market bull run.He also revealed he has been largely....
Newly minted Bitcoin supporter Ray Dalio agrees that Bitcoin should make up a small percentage of investors’ portfolios in 2022. Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked up gold and BTC as an inflation hedge.When prompted by interviewer William Green about what a sensible allocation for a layperson would be, Dalio said that he agrees with fellow billionaire Bill Miller’s suggestion that 1%–2% is the right allocation. He explained that the....