Bill Miller IV Reaffirms Bitcoin Bullishness, Citing Scarcity and the Cost of Volatility

Bill Miller IV, chairman and chief investment officer of Miller Value Partners, joined Grace Remington and Sean Hagan on BMTV to explain why he remains optimistic about Bitcoin despite sentiment that had fallen near FTX-era lows. He noted that Bitcoin climbed from $63,000 to $87,000 and later returned to $68,000 within a matter of months, framing that volatility as the price investors pay for holding assets with strong performance. Using a gold comparison, he argued that Bitcoin’s addressable value could be significantly greater than its current market cap, and that a supply increase of 80 basis points per year would make it more scarce than gold.

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