{"id":107543,"date":"2021-01-06T21:44:40","date_gmt":"2021-01-06T21:44:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107543"},"modified":"2021-01-06T21:44:40","modified_gmt":"2021-01-06T21:44:40","slug":"corporate-investment-may-be-about-to-pump-bitcoin-says-bill-miller","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/corporate-investment-may-be-about-to-pump-bitcoin-says-bill-miller\/","title":{"rendered":"Corporate Investment May Be About to Pump Bitcoin, Says Bill Miller"},"content":{"rendered":"<h3>Key Takeaways<\/h3>\n<ul>\n<li>Bill Miller allocated 30% of a $154 million fund to Bitcoin throughout 2017.<\/li>\n<li>Miller has beaten the S&#038;P 500 for over 16 years with his investment decisions.<\/li>\n<li>He stated that the trend of companies diversifying into Bitcoin may be about to skyrocket BTC prices.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/05\/OKCoin-LOGO2.0-01.png\"><\/p>\n<p><span>Bill Miller is a seasoned investor in the mainstream financial markets, beating the S&amp;P 500 for years. He was ahead of the curve with Bitcoin, raising the BTC allocation of a $154 million fund from 5% to 30% in 2017.<\/span><\/p>\n<blockquote>\n<p><span>&ldquo;If inflation picks up, or even if it doesn&rsquo;t, and more companies decide to diversify some small portion of their cash balances into Bitcoin instead of cash, then the current relative trickle into Bitcoin would become a torrent,&rdquo; Miller <\/span><span>stated<\/span><span> yesterday.<\/span><\/p>\n<\/blockquote>\n<p><span>Miller argues that companies including Bitcoin as part of their balance sheet may significantly increase the market cap, and likely the price.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/04\/banner_042720_300x250-winning-in.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/04\/oraclized_money_300x250.jpg\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/04\/adaptive_money_300x250.jpg\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/simetri.cryptobriefing.com\/wp-content\/uploads\/2020\/05\/okcoin-MREC.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/simetri.cryptobriefing.com\/wp-content\/uploads\/2020\/05\/okcoin-MREC-2.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/04\/banner_042720_300x250-beating-the-crypto-market.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/04\/300x250-Pro-BTC.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/05\/OKCOIN-MREC-build-btc-2.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/05\/MREC-blue-r.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/06\/060420-Cred-Banner-MREC-A.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/06\/060420-Cred-Banner-MREC-B.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/07\/OKCOIN_MREC_070620.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/08\/082520-Phemex_MREC_B_trade_10_off.jpeg\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/08\/081820-MREC-minimalistic.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/08\/081820-MREC-smallcaps.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/09\/093020-MREC-484.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/12\/120920-Gemini_MREC_Join_the_crypto_exchange_2.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/12\/banner_122320_300x250-crypto-projects-10x-potential.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/11\/Nexo_earn_logo_300x250_x2.png\"><\/p>\n<h2><span>Bill Miller Cites Corporate FOMO<\/span><\/h2>\n<p><span>Companies worldwide have made major investments in Bitcoin, with Microstrategy investing over <\/span><span>$1 billion<\/span><span> as of last year.&nbsp;<\/span><\/p>\n<p><span>Microstrategy CEO Michael Saylor was influenced by the U.S. Federal Reserve policy of printing more money to combat the ongoing pandemic, inflating the U.S. dollar. Jack Dorsey recently led Square Inc. to purchase <\/span><span>$50 million worth of Bitcoin<\/span><span> for similar reasons.<\/span><\/p>\n<p><span>Bitcoin recently passed an all-time high of $35,000, likely influenced by high-profile corporate investments, among other factors. BTC is up over 300% compared to last year and 20% in the last week alone.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/06\/CB-desk-300x250-c@2x.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/06\/CB-desk-300x250-d@2x.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/06\/CB-desk-300x250-e@2x.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/06\/CB-desk-300x250-f@2x.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/07\/Celsius_AZ_Banner_Large_20200721-1.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/11\/Nexo_earn_logo_300x250_x2.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/12\/120920-Gemini_MREC_Join_the_crypto_exchange_2.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/12\/banner_122320_300x250-crypto-projects-10x-potential.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/a.impactradius-go.com\/display-ad\/12209-931979\"><\/p>\n<p><span>Mirroring Saylor&rsquo;s take on the use case for Bitcoin over the inflating dollar, Miller stated yesterday that &ldquo;Warren Buffett famously called Bitcoin &lsquo;<\/span><span>rat poison<\/span><span>,&rsquo;&rdquo; <\/span><\/p>\n<p><span>Bill Miller wrote in his post:&nbsp;<\/span><\/p>\n<blockquote>\n<p><span>&ldquo;He may well be right. Bitcoin could be rat poison, and the rat could be cash.&rdquo;Bi<\/span><\/p>\n<\/blockquote>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/05\/OKCoin-LOGO2.0-01.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/06\/060420-Cred-Banner-MREC-A.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/05\/OKCoin-LOGO2.0-01.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/06\/060420-Cred-Banner-MREC-B.png\" style=\"display: flex\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/05\/OKCoin-LOGO2.0-01.png\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptobriefing.com\/wp-content\/uploads\/2020\/12\/banner_122320_300x250-earn-up-to-12-apy-okcoin.png\"><\/p>\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<p>Source: <a href=\"https:\/\/cryptobriefing.com\/corporate-investment-pump-bitcoin-says-bill-miller\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bill Miller allocated 30% of<\/p>\n","protected":false},"author":3,"featured_media":107542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate Investment May Be About to Pump Bitcoin, Says Bill Miller - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/corporate-investment-may-be-about-to-pump-bitcoin-says-bill-miller\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate Investment May Be About to Pump Bitcoin, Says Bill Miller - 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