The Pomp Podcast
#1285 Bill Miller IV | Bitcoin Will Dominate Wall Street In 2024
Dec 18, 2023
Bill Miller IV, Portfolio Manager at Miller Value Partners, discusses the bitcoin market, ETFs, regulation, halving, stablecoins, and a non-bitcoin yield focus fund. They also talk about the importance of state planning, risks and opportunities of investing in bitcoin, Bitcoin ETFs and the market impact, the Miller family's approach to concentration in investments, and building a platform for active management and outperforming the markets.
42:35
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Quick takeaways
- Bitcoin's limited supply, adoption, and potential as collateral make it an attractive investment.
- Bitcoin provides transparency, immutability, and ownership without dependence on third parties, giving individuals control over their wealth.
Deep dives
Bitcoin Market and Institutional Interest
The Bitcoin market has seen exuberance with a 150-160% price increase this year, although it is still down around 40%. Traditional financial investors are showing awareness and interest in Bitcoin, with some owning it personally. There is a hesitancy and fear of regulation, but overall, the trend of global acceptance and adoption of Bitcoin is positive. Bitcoin's limited supply, adoption, and potential as collateral make it an attractive investment. The increasing value and ecosystem around Bitcoin open up investment opportunities such as Bitcoin spot, futures, public miners, and funds.
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