Bitcoin is radically different by CoinEdition

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© Reuters. American investor Bill Miller: Bitcoin is radically different American investor Bill Miller believes that it is a radically different asset. Bitcoin has outperformed the mainstream market by 120% since March 2020. 2024 Bitcoin halving.

American investor and fund manager Bill Miller III reiterated his belief in Bitcoin (BTC) and described it as a radically different asset. During a CNBC TV show, Miller III compared BTC to other assets that have struggled over the years. He explained that while federal authorities stepped in to save the mainstream market during the COVID-19 pandemic, the BTC network operated continuously without interruption.

Additionally, Miller III defended BTC against the idea that it has crashed, given the significant decline in price from an all-time high (ATH) of $69,045. He debunked this incorrect analysis and explained that since the market bottom in March 2020, the mainstream market has only increased by 70%.

During the same period, the price of bitcoin increased by 190%. Therefore, by side-to-side comparison, BTC is a better performing asset.

The idea of ​​judging BTC based on collapsed exchanges like FTX and Celsius was also discouraged by Miller III. He clarified that FTX, Celsius and their ilk are centralized entities that should not be confused with BTC. He said;

I …

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