Author

Topic: Noted value investor Bill Miller investing in bitcoin (Read 1634 times)

legendary
Activity: 1960
Merit: 1010
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
Thanks for spreading the news.  Gonna look up the story for myself as I see it he could have some friends interested in doing the same thing and you can bet they will be some strong freaking hands.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
thanks, i posted it in the press section...with link and video  Wink
TTM
full member
Activity: 140
Merit: 100
Quote
Prominent value investor Bill Miller on Thursday said he is investing in bitcoin.

"The thing about bitcoin that is so interesting is the addressable market here," said Miller, former chairman of Legg Mason Capital, on CNBC's Closing Bell. "Gold alone has an $8 trillion market value, bitcoin has about a $7 billion market value, so if it's only 10 percent as successful as gold you get 100 times your money."

The noted stock picker said he started buying bitcoin personally after the Mt.Gox exchange collapsed earlier this year.

"When that didn't destroy, in essence, the underlying psychology of it, it looked to me like it probably had a decent base of around $500 per coin," he said.

I'm unable to post a link here but it is on CNBC.

At least we have a good news in a hard day.
Jump to: