Betting Big on Cryptocurrency & Bitcoin [2022]



(Part 2 of 2)
Legendary value investor Bill Miller is betting big on bitcoin. The digital currency and some related crypto investments now account for half of his personal investment portfolio. In part two of our interview with Miller, he discusses his rationale for taking such an outsized position, including why he has converted from being a self-described bitcoin “observer” to a bitcoin “bull” and why he is adding to his holdings when the currency has big declines.

Since Miller is also celebrating his 40th anniversary in the investment business we delve into how much the investment landscape has changed and how his value approach has evolved over the last four decades.

The conversation is not about Miller Opportunity Trust, it’s about his personal portfolio.
I began the interview by asking Miller why he has gone so big on bitcoin.


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00:00 Hello
00:45 Introduction
01:56 Interview with Bill Miller
22:38 One Investment
24:50 Action Point

#bitcoin #crypto #bitcoin analysis #cryptocurrency #BillMiller

WEALTHTRACK #1828 broadcast on January 07, 2022

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37 thoughts on “Betting Big on Cryptocurrency & Bitcoin [2022]

  • January 21, 2022 at 11:01 am
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    GOOD VIDEO; EVERYONE NEEDS MORE THAN THEIR BASIC SALARY TO BE FINANCIALLY SECURED, THE BEST THING TO DO WITH YOUR MONEY IS TO INVEST, MONEY LEFT IN SAVINGS ALWAYS END UP USED WITH NO RETURNS,

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  • January 21, 2022 at 11:01 am
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    How do we know it’s his real portfolio

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  • January 21, 2022 at 11:01 am
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    This OG who bought in 2014 and never sold knows what he's talking about

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  • January 21, 2022 at 11:01 am
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    Quality Interview, fact fact facts

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  • January 21, 2022 at 11:01 am
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    Music to my Bitcoin ears. I'm glad I diversified my portfolio with stocks, real estate, cryptocurrencies, peer to peer lending, and forex trading.

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  • January 21, 2022 at 11:01 am
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    Excellent interview. Thanks Consuelo for dedicating a special segment just to Bitcoin. I predict it will easily be one of your most watched videos!

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  • January 21, 2022 at 11:01 am
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    If you are in Argentina, I get it: the value of your currency could theoretically be inflated away.

    Why can't you just convert to USD or whatever currency you are more bullish on? Don't need Bitcoin to get away from your own volatile currency.

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  • January 21, 2022 at 11:01 am
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    Boomers be hodlin

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  • January 21, 2022 at 11:01 am
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    SOL and FTM to the moon. Cheers

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  • January 21, 2022 at 11:01 am
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    Buy Crypto.. so my OBTC stock goes UP!

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  • January 21, 2022 at 11:01 am
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    Bitcoin recent price action shows evidence that a bottom may be forming, <denying bears any further movement lower. Ethereum price has developed a ridiculously extended hidden bullish divergence condition on its weekly chart, warning of an imminent bullish reversal. XRP price hammered with two major short setups, but sellers failed to push XRP lower. At this point Diamond hands are showing cracks as people start to panic; if you are losing in the current dip or you look forward to start the best way to go is trading with the guidance of an expert. Marisa Nguyen has been one step ahead of other analysis, with her strategy I was able to accumulate 11 BTC in three weeks,You can reach Marisa on Telegram👉Marisanguyen

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  • January 21, 2022 at 11:01 am
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    I like Bill Miller but he’s wrong when he says “if the government wanted to shut it down, they won’t be able to confiscate it (as they did with Gold in 1933) and you can just move it around somewhere else”. The government only needs to shut down and freeze all the crypto exchanges to effectively confiscate it! Yep. Tell me how are you going to move/transfer your money if the exchange is blocked? And what if all governments decide to do the same? Who will accept it if the government outlaws it? You’d be Fff’d! So that is the main risk we need to be aware of.

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  • January 21, 2022 at 11:01 am
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    Thanks for continuous great videos, I feel those who would allow the Market dynamics to determine when to trade or not are either new in space in general or probably just naïve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading,since it is way profitable than hodling. Tradlng went smooth for me as I was able to raise over 6.2 BTC when I started at 1.5 BTC in December from implementing trades with signals and insights from Daniel Peter Jeffery.

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  • January 21, 2022 at 11:01 am
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    Money is an issue that everyone has for a better and luxurious life. life was hard for me until I started Bitcoin and I'm now earning $9,500 per week.

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  • January 21, 2022 at 11:01 am
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    All bitcoin is is the latest iteration of fool's gold and anybody buying it is ultimately a fool. Peter Schiff is absolutely correct.

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  • January 21, 2022 at 11:01 am
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    Lol, next he'll be trying to tell me that Michael Saylor is a genius.

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  • January 21, 2022 at 11:01 am
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    Wants bag holders… lol “it’s digital gold!” U don’t think MIT and the NSA can get your bitcoin? Lol …. Microsoft symbol is a swastika tilted into a window the operating system that spies on you… yeah the internet is secure not just a big military spying machine but buy bitcoin! Ask that Ross ulbrecht guy (in jail) if he has his bitcoin…

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  • January 21, 2022 at 11:01 am
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    Awesome vid for the Boomers who usually struggle understanding BTC. Appreciate this video – thank you!

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  • January 21, 2022 at 11:01 am
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    If this guy is bullish, Sell Bitcoin! End of Bitcoin.

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  • January 21, 2022 at 11:01 am
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    Orange coin good

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  • January 21, 2022 at 11:01 am
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    i own bitcoin, but half of net worth in bitcoin and single stock exposure of Amazon with margin, that seems very odd.

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  • January 21, 2022 at 11:01 am
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    Very forward-thinking of you, Consuelo. Excellent interview.

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  • January 21, 2022 at 11:01 am
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    💥👃🏼💥

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  • January 21, 2022 at 11:01 am
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    Amazing to see a guy of this caliber and his age understanding Bitcoin the way he does and spotting trends really early. Having said that, someone needs to tell him that lebanon currency is not Lira, thats in Turkey.

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  • January 21, 2022 at 11:01 am
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    Bill Miller hopes you're a greater fool than him. That's the Bitcoin premise.

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  • January 21, 2022 at 11:01 am
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    Luv this dude!!

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  • January 21, 2022 at 11:01 am
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    Lets say you added up all the market capitalizations of all the main well managed crypto currencies that have constrained supply. How would you expect that total to behave in relation to the size of the world economy over time? Why would crypto currencies behave differently from gold over the long term? How would you expect a crypto currency based on gold to behave?

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  • January 21, 2022 at 11:01 am
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    Go where the Whales 🐳 are ..Bitcoin all the way stop paying attention to dips , spikes and noise – hang on to it for next 5+ years if not ever

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  • January 21, 2022 at 11:01 am
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    Guy who goes in 50% of his portfolio recommends 1%??? LOL… C'mon… 5% at least!

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  • January 21, 2022 at 11:01 am
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    Smart guy.

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  • January 21, 2022 at 11:01 am
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    Why invest in crypto only to sell at a higher price, making dollars and betting against the reason why bitcoin is created. Buy and never sell might be the only way to go.
    Anyway i don't fully see the reason to buy crypto except to sell it for a higher price to the next guy.
    This limitness of btc is nonsense because you can buy 1/ 0.1/0.01/0.001/0.0001 ectect so it more endless than real gold or rare baseballcards.
    But time will tell.

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  • January 21, 2022 at 11:01 am
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    I've been skeptical of Bitcoin, but now I will look at it differently. He made some good points.

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  • January 21, 2022 at 11:01 am
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    No rule of law in the USA.
    Plunder by politicians trading on inside information. JP Morgan gets fined for their exploits but only 10% of their take. Sounds like a tax… no real punishment or people would be in jail.

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  • January 21, 2022 at 11:01 am
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    Finally a big name in finance that has heard Michael Saylor, welcome to the team Bill

    Reply

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