The publication does not report Miller's total net assets, but notes the fact that the 67-year-old investor expects incredible returns from his investments in cryptocurrency. So, according to him, investing in bitcoin has already brought him a tenfold profit.
"In 2014, he invested 1% of his net assets in bitcoin, believing that the potential growth of digital currencies exceeds the risk of total loss," - the magazine writes.
Bill Miller is a famous portfolio manager of the Legg Mason Value Trust (LMVTX) fund. It was under Miller's leadership that one of the longest "win-win series" in the history of mutual funds was fixed. Thus, the total profitability of LMVTX exceeded the S&P 500 index for successive years 15 (from 1991 to 2005).
Recall, that it previously reported that the billionaire Michael Novogratz holds a tenth of its assets in cryptocurrency and believes that in 5 years, the capitalization of digital assets will reach $ 5 trillion.
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