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Bill Miller Predicts That $700 Will Be the New Floor for Bitcoin
In a recent interview with Forbes Australia, renowned investment legend Bill Miller, 74, made some astonishing statements about the future of cryptocurrency markets. The billionaire investor, known for his impressive track record and successful predictions in traditional finance, surprisingly shared his thoughts on Bitcoin’s (BTC) potential price trajectory.
Miller revealed that he has been investing in Bitcoin since 2013 and now holds a significant portion of his net worth in the flagship cryptocurrency. Interestingly, he mentioned that his average purchasing price is a staggering $700. This information has sparked widespread attention within the crypto community, as many are eager to know what Miller thinks about the future of this asset class.
In his interview with Forbes Australia, Miller forecasted that more financial advisors will start recommending allocating up to 3% of their clients’ assets towards Bitcoin by the end of 2025. While it’s difficult to predict the exact price movement, such a significant shift in institutional adoption could potentially drive Bitcoin’s value upwards.
Miller’s prediction about $700 becoming the new floor for Bitcoin is particularly noteworthy. Given his impressive track record and insights into the broader investment landscape, many are taking his remarks seriously.
Source: u.today
