Billionaire Bill Miller: Bitcoin is still severely “undervalued”

Billionaire investor, Miller Value Partners Chairman and CIO Bill Miller IV reiterated his strong belief in Bitcoin in a June 11 blog post titled “Why I’m Still Betting on Bitcoin.” Miller believes that Bitcoin is still severely “undervalued” and predicts a major shift in global capital governance. He emphasized that the traditional monetary system, which is subject to human judgment and political manipulation, is inherently flawed. Bitcoin, as a secure, immutable and automated system, offers a better alternative. He added: “Fundamentally, money is a system of accountability, and Bitcoin represents a breakthrough in ensuring accountability through technology rather than human intervention.” He also emphasized Bitcoin’s ability to transfer property rights through time and space without human permission. Miller further stated that Bitcoin is becoming a central role in the evolving capital and monetary system, and this transformation is still in its early stages. (CryptoSlate)