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Legendary Investor Bill Miller Has Been Buying Bitcoin Since $200.
Bitcoin News now admin /

Market-beating investor and famed fund manager Bill Miller said he has been buying Bitcoin since it cost just $200, according to Business Insider.

If true, then Miller has been in the Bitcoin market since 2015, which was the last time Bitcoin fell between $200 to $300 per coin. Miller claimed the average cost of his Bitcoin was about $500. Bitcoin is currently trading around $45,000, suggesting Miller has made about a 9000% gain, if he has held onto his investment.

According to a recent 13F filing reported by Business Insider, Miller Value Partners bought 121,185 shares (worth roughly $30 million) of the newly public Coinbase in the second quarter of 2021. That investment has not paid off as well as buying Bitcoin, as the altcoin exchange is down around 24% since going public in April.