Cointelegraph pointed to how Billionaire investor Bill Miller puts 50% of net worth in Bitcoin. Investor Bill Miller is betting big on Bitcoin, allocating 50% of his personal net worth to BTC and related equity.
In response, Michael Saylor expressed: Bitcoin is technology that everyone needs and no one can stop. Also stated, the strongest inflation defense is a Bitcoin Standard.
Further it has been stated that it is getting harder to argue that
Natalie Brunell talking to FOX Business about Bill Miller’s investment: Bitcoin is smart money. Winners pick winners. Someone like Miller who is known for picking winners sees the value in Bitcoin being his insurance policy against the incompetence of central planning that is squeezing the savers. So, I think people like Bill, they are seeing this as buying in to an emerging technology that everybody needs. no body can stop and not everybody understands or is bought in yet. So, he understands this huge upside potential.
So, think of it this way. Bitcoin is this peer big tech network distributing it around the world. No company, No CEO and it has the potential to suck money out of negative yielding bonds and gold to become a multi-trillion-dollar asset class. What better pick?”
Community Reaction: Many people try to stop Bitcoin, but something is not going well for them.
Do not distract public After 13 years, public are able to feel this emotional and fake news-based market, Bitcoin is going to be ready for hitting $30k soon.
You hold 1% of what you want to be the standard currency it’ll never work.
Except that Saylor has repeated, ad nauseam, that he doesn’t see bitcoin as a competing currency – but rather a SOV.
Actually, the strongest inflation defense is investment in production capacity and relocation of industry back onshore.
Inflation is planned theft from the middle class to destroy it and make them dependent upon elitist/government handouts/promises. But they Always lie. Once we are all dependent they will take away everything and institute one world totalitarianism. Bitcoin can help stop that.
Those who hold it in faith will think it is the best thing – hardest and truest money in the world.
Any chances that Bitcoin will switch to Proof of Stake when all coins will be mined? This issue may be left to our next generation to discuss.
Central banks’ monetary policy has fueled inflation with QE and low interest rates Inflation can be curbed through reverse QE and rate hikes. However, the debt burden of countries does not allow this, or only slightly Central banks are now in a split. Will Bitcoin have any purpose if CBDCs step in?
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