Famous investor and philanthropist Bill Miller called Bitcoin an insurance policy against economic disaster.
In his interview in October 2022, the investor said that the concept of the main cryptocurrency remains “misunderstood” and it could well be used as “insurance against global financial catastrophe. The billionaire has been positive about cryptocurrencies for quite some time. Miller expressed his opinion about the market in a conversation with Morgan Stanley managing director Marvin McIntyre, with the discussion itself taking place at the Forbes/SHOOK Top Advisor Summit.
Let us note that in October, the market capitalization of cryptocurrencies – that is, the sum of the product of all coins and their respective exchange rates – continues to balance at the one trillion dollar mark. This level, with slight variations, has been held for several months.
