Bill Miller
Resolved (2)
- ✓
I don't think this is a bubble at all in bitcoin, I think this is now the beginning of a mainstreaming of it (bitcoin's 2021 rally is the start of going mainstream, not a bubble).
“Longtime value investor Bill Miller ... bitcoin is firmly entering into the mainstream, contending the cryptocurrency's rally in recent months is significantly different from its 2017 ascension and subsequent plunge.”
Thesis 'not a bubble, start of mainstreaming' held: from $56,499 BTC went on to new ATHs ($69k then $126,296) with ETF/institutional adoption, not a 2017-style permanent bust; still above made-price at $58,161.
- ✓
I think that Bitcoin should probably be up 50% to 100% from here in the next 12 to 18 months ... if you were to ask me the over or under, I would definitely say it would be much more likely to be higher than lower.
“I think that Bitcoin should probably be up 50% to 100% from here in the next 12 to 18 months”
From $40,665, +50%-100% implies $61k-$81k by ~Jul 2022; high_by_deadline was $69,000 (+69.7%), squarely in the predicted band and 'much more likely higher.'