BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Bitcoin

Billionaire Investor: “Bitcoin is my Insurance”

by Dalmas Ngetich
May 13, 2022 - 12:00 am
in Bitcoin
Billionaire Investor: “Bitcoin is my Insurance”

Bill Miller recently reaffirmed his faith in Bitcoin in an interview on Thursday. The American billionaire views Bitcoin as insurance and claims the flagship currency will bail him out in times of financial catastrophe.

BREAKING: Billionaire Bill Miller on #Bitcoin, "I own it as an insurance policy against financial catastrophe."

— D P (@themachinebuilt) May 12, 2022

The investor further defended the crypto asset despite the recent crash in crypto prices. Bill believes that everyone should own Bitcoin. He said he has yet to hear a solid argument as to why a person should not put at least 1% of their liquid network in Bitcoin.

Sometime last year, the 72-year-old investor described Bitcoin as digital gold. He also revealed that 50% of his personal wealth is in Bitcoin. Bill made his first purchase of Bitcoin when the asset traded around $200 – $300. He had also held on to BTC in good times and in turbulent times, experiencing the market crash of 2018 when Bitcoin dropped more than 80% from its all-time high.

A Highly Volatile Insurance

Although Bitcoin and other cryptocurrencies have performed well in the past decade, they are still viewed as a fad by some investors. Many see Bitcoin as an extremely volatile asset and have turned away from investing in it. Earlier this month, the fifth richest man in the world, Warren Buffet, claimed he would not buy all the crypto in the world if offered to him for $25. Warren believes in not investing in what he doesn’t understand.

Bitcoin has proved that it can hardly be used as a store of value, and the past few weeks have supported this notion. Bitcoin crashed from $38k to $27K before reclaiming $30k earlier today.

The recent volatility in the crypto space is the first in a very long time, with stablecoins also feeling the effect. USDT has been struggling to maintain its $1 peg in the past few hours, and Terra’s UST has crashed ludicrously, now valued at $0.16.

Despite the intense crash, veteran crypto investors strongly believe the tide will be over soon. Statistically, the recent plummet in prices is no way near that of 2018, and crypto fans highly anticipate a recovery in the coming weeks or months.

Tags: BitcoinPrediction
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Green Minerals headquarters and Bitcoin symbol representing strategic investment deal

Bitcoin Inflows From 2024-2025 Break 15-Year Record, Hitting $625B

September 15, 2025

Bitcoin on-chain inflows reached $625B in 1.5 years, outpacing 15 years of growth. Institutional demand and Fed policy...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Wall Street Veteran Jordi Visser Predicts Big Bitcoin Allocation Boost by Year-End

September 14, 2025

Jordi Visser forecasts US institutions will increase Bitcoin allocations before year-end, boosting Q4 demand and setting up portfolios...

China Renaissance invests $100M in BNB through MoU with YZi Labs

China Renaissance Commits $100M to BNB in Landmark Treasury Move

August 22, 2025

China Renaissance invests $100M in BNB, signing MoU with YZi Labs to push adoption and regulated listings in...

BlackRock CEO Larry Fink speaking at the World Economic Forum

Bitcoin’s biggest Wall Street backer takes the wheel at World Economic Forum

August 15, 2025

BlackRock CEO Larry Fink joins André Hoffmann as interim co-chair of the WEF board, signaling stronger ties between...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service