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Bitcoin News Alerts | Daily BTC Macro Signal

845: BILLIONAIRE INVESTOR BILL MILLER HAS 'VERY BIG' BITCOIN POSITION, PREDICTS 50X UPSIDE POTENTIAL!!

Bitcoin News Alerts | Daily BTC Macro Signal

Bitcoin News Alerts

Investing, Business

3.8 β€’ 635 Ratings

πŸ—“οΈ 14 February 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Veteran billionaire investor and fund manager Bill Miller says he has "a very big position" in Bitcoin and expects the king crypto to see a lot of institutional adoption this year, particularly among endowments and foundations.


"Bitcoin is insurance against financial catastrophe as we see in Lebanon, or in Afghanistan, or many of these other countries where we saw around the time of the pandemic.


I think the average investor should ask himself or herself what do you have in your portfolio that has that kind of track record β€” number one; is very, very underpenetrated; can provide a service of insurance against financial catastrophe that no one else can provide; and can go up ten times or fifty times. The answer is: nothing."

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Transcript

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0:00.0

In today's show, up only for the Bitcoin Fundamentals. I'll be sharing with you the five things to watch out for in the Bitcoin market this week. And as Samson Mao points out, new hash rate all time high. Imagine thinking you could shame Bitcoin miners into using less energy. And as direct capital shares here, Bitcoin is struggling to reclaim a support the bull market EMAs that constitute the midpoint of the macro reaccumulation range.

0:22.6

As long as these EMAs remain as resistance, Bitcoin will occupy the lower half of this macro range.

0:28.8

And as Plan C shares here, since we broke below $50,000, accumulation addresses have increased

0:34.1

their balances by about 194,000 BTC. Accumulation address balance is at a 57 month high. Also in today's show,

0:43.2

Super Bowl 2022, here's the scoreboard of the crypto ads. And as Joe Pompeiano points out,

0:48.6

Coinbase has spent $14 million for a color-changing QR code to bounce around on the screen for 30 seconds,

0:54.5

throwing the Super Bowl, and the website crashed.

0:56.9

And guess what?

0:57.6

Bitcoin Hoddler, Odell Beckham Jr.

0:59.6

made the first touchdown of the Super Bowl, and also Drake won $1.5 million in Bitcoin

1:04.6

after the Rams won the Super Bowl, and Odell Beckham Jr. scored that touchdown.

1:09.9

Now, hands down, FTX had the very best Super Bowl ad with Larry David. Also in today's show, Mark Cuban reveals two of his largest altcoin investments and says, first, viral crypto app is coming. That's right. In a new interview, he goes on to share. Bitcoin's a great store of value. But Ethereum and Polygon that I both own a lot of, you can start to see the utility.

1:28.8

You're starting to see more and more applications pop up there.

1:31.3

And we'll see what happens with E2.0 in terms of gas fees.

1:34.7

And I think Polygon has done a great job.

1:36.5

And you've got other blockchain trying to do the same thing.

1:39.8

Also in today's show, legendary billionaire investor, Bill miller has very big bitcoin position and calls

1:46.2

bitcoin insurance against financial catastrophe quoting him right here bitcoin is insurance against

1:51.3

financial catastrophe as we've seen in lebanon or in afghanistan or many of these other countries

1:55.9

where we saw around the time of the pandemic and also quoting him here. I think the average investor should ask

2:01.5

himself or herself what do you have in your portfolio that has that kind of track record. Number one

2:06.4

is very, very under penetrated, can provide a service of insurance against financial catastrophic

...

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