William Miller keeps 30% of funds in Bitcoin. What would others say?

Bill Miller, whose company beat the S&P 500 index for 15 years, decided to invest in the most famous cryptocurrency in the world that became 9 years old today. He explains his decision by simply telling that each day the value does not drop multiplies the chance of its growth even more, especially taking into consideration all the institutional and venture investors currently entering the market. In other words, Miller believes in the long-term bullish trend.

But this investment would not have been called good by Alwaleed bin Talal, a prominent Saudi investor whose wealth is amounting to billions of dollars. According to him, Bitcoin looks a lot like Enron – a fraud scandal from 2000s.

However, Max Keiser, an ex-trader and now a reporter, would approve Miller’s decision, as he believes that Bitcoin would easily surge past 10,000 U.S. dollars in the next five years. Quite amusingly, he works for RT that many consider a propaganda channel, but his view is shared by the audience of American CNBC channels, as demonstrated by the results of the latest survey.