Bill Miller, the founder and chief information officer (CIO) at Miller Value Partners, a Baltimore, Maryland-based investment management firm, has said bitcoin (BTC) could potentially be worth a lot. However, Miller cautioned investors that the flagship cryptocurrency may also tank to zero. During an interview with CNBC (on January 7th), Miller remarked: “I like bitcoin because it’s not correlated with [the traditional stock market]. It does have the potential to be worth a lot, and the potential to be worth zero.”When digital currency prices reached their all-time highs in December 2017, Miller’s firm invested $1 billion in bitcoin.
