Strong points

  • Fund manager and billionaire Bill Miller claimed he was so bullish on bitcoin that 50% of his personal assets are now linked to Bitcoin
  • Bitcoin has fallen to just below US $ 42,000
  • This morning saw almost all altcoins in the red

Fund manager and billionaire Bill Miller has claimed he is so bullish on bitcoin that 50% of his personal assets are now linked to Bitcoin. he revealed in a video interview with WealthTrack posted on Friday.

Miller made headlines as a fund manager at Legg Mason when he beat the S&P 500 Index for a record 15 consecutive years from 1991 to 2005.

The fund manager has been a strong supporter of Bitcoin, but his personal wallet revelation was new.

Miller had already bought Bitcoin for just US $ 200 in 2014, then halted his Bitcoin purchases until last year, when its price began to decline after a period of unprecedented growth from January to April.

Miller said he views bitcoin as a “digital gold” and only recently allowed himself to be called a “bitcoin bull” because he believes crypto has now evolved into a technology that change the game.

Bitcoin has fallen to just below US $ 42,000.

Altcoin News

This morning almost all altcoins were in the red as the crypto market continued its downward spiral since November of last year.

As of 4:30 a.m. AEST, Binance Coin was down almost seven percent, while Cardano and Polkadot were down almost 11 percent.

The downward trend was likely influenced by rising US interest rates, which the Federal Reserve says I’m on duty to reduce the US balance sheet this year.

Winners and losers

Note: Growth from 24 hours prior to 12:30 p.m. AEST

Source: Coinmarketcap.com, based on the top 100 cryptos.

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