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Bitcoin => Bitcoin Discussion => Topic started by: TTM on March 27, 2014, 09:36:03 PM



Title: Noted value investor Bill Miller investing in bitcoin
Post by: TTM on March 27, 2014, 09:36:03 PM
Quote
Prominent value investor Bill Miller on Thursday said he is investing in bitcoin.

"The thing about bitcoin that is so interesting is the addressable market here," said Miller, former chairman of Legg Mason Capital, on CNBC's Closing Bell. "Gold alone has an $8 trillion market value, bitcoin has about a $7 billion market value, so if it's only 10 percent as successful as gold you get 100 times your money."

The noted stock picker said he started buying bitcoin personally after the Mt.Gox exchange collapsed earlier this year.

"When that didn't destroy, in essence, the underlying psychology of it, it looked to me like it probably had a decent base of around $500 per coin," he said.

I'm unable to post a link here but it is on CNBC.

At least we have a good news in a hard day.


Title: Re: Noted value investor Bill Miller investing in bitcoin
Post by: LiteCoinGuy on March 27, 2014, 09:55:18 PM
thanks, i posted it in the press section...with link and video  ;)


Title: Re: Noted value investor Bill Miller investing in bitcoin
Post by: counter on March 28, 2014, 05:53:41 AM
Thanks for spreading the news.  Gonna look up the story for myself as I see it he could have some friends interested in doing the same thing and you can bet they will be some strong freaking hands.


Title: Re: Noted value investor Bill Miller investing in bitcoin
Post by: BTCat on March 28, 2014, 10:44:34 AM
http://www.cnbc.com/id/101532377