Bill Miller allocates 50% of portfolio towards Bitcoin In his WealthTrack interview last Friday, Bill Miller shared his thoughts on Bitcoin. At the end of the interview, the long time value investor states that Bitcoin provides a “service of insurance against financial catastrophe that no one else can provide.” He then stated that he has allocated 50% of his investment portfolio into Bitcoin and other Bitcoin related assets, like MicroStrategy. He claims to now be a Bitcoin bull instead of just an observer. Even with the current fear in the market over Bitcoin, he is still bullish in the long-term. Store of wealth Many who buy Bitcoin view it as…
Markets Report: Bitcoin aims for top 3 weekly close
All-Time highs remain untouched as continued rejection at $58,000 means that the bull run may be on ice over the weekend
The past week’s trading has been one big guessing game for hodlers as Bitcoin edges ever closer to all-time highs—but avoids hitting them. Rumors that Oracle was about to announce a giant 72,000 BTC buy-in looked set to obliterate the trading channel once and for all, but a let-down instead brought a solid reinforcement of the current range.
Markets Report: Bitcoin sheds 4% on the day as markets face down coronavirus
A new strain in the United Kingdom rattles stocks and Bitcoin fails to escape the deteriorating mood after hitting all-time highs
Bitcoin is proving a difficult trade on December 21 as a new week begins with instant volatility after new all-time highs over $24,000. After setting records across exchanges at the weekend, Bitcoin is feeling pressure as Wall St. opens for Monday trading.
Markets Report: Bitcoin Returns to $13,500 after biggest difficulty drop since 2011
Major changes in mining activity have no impact on price performance on the day the U.S. elects its president
Bitcoin rose to circle $13,500 on November 3 after the biggest drop in fundamentals in nine years failed to dent enthusiasm. Data from price trackers including CoinMarketCap showed BTC/USD unfazed by upheaval among miners, retaining $13,000 support.