According to recent statements from billionaire investor Bill Miller, financial advisors are likely to start suggesting that clients allocate between 1% and 3% of their portfolios to Bitcoin within the next three to five years. In an interview, Miller emphasized that Bitcoin represents a unique economic entity, as its supply is unaffected by demand fluctuations or price changes. He noted, “At the most basic level, you just need to believe that the demand for Bitcoin will grow faster than the supply.” Furthermore, he elaborated that an increase in demand could lead to a sustained rise in Bitcoin’s price, distinguishing it from traditional assets like gold. Recent analysis from JPMorgan Chase corroborates this view, indicating that Bitcoin’s adjusted portfolio share exceeds that of gold by a significant margin, suggesting that the cryptocurrency has become a more attractive asset for investors looking for exposure.
Source: https://en.coinotag.com/breakingnews/billionaire-investor-bill-miller-predicts-1-3-allocation-to-bitcoin-in-investment-portfolios/