2 years ago
Stephen Alpher is CoinDesk's co-regional quality chief, Americas. He holds BTC and ETH supra CoinDesk’s disclosure threshold of $1,000.
Miller Value Partners Chairman and erstwhile CIO astatine Legg Mason Capital Management Bill Miller told CNBC helium sold immoderate of his bitcoin (BTC) holdings to rise currency to conscionable borderline calls.
"The abbreviated reply is 'no,' said Miller erstwhile asked if helium had sold immoderate of his bitcoin. Expanding connected that answer, Miller – sporting a bitcoin chapeau passim the interrogation – did let that helium unloaded immoderate "stuff," successful bid to fulfill borderline calls, noting that erstwhile times get tough, 1 wants to merchantability precise liquid assets, and bitcoin acceptable that bill.
"I’ve been done astatine slightest 3 declines of implicit 80%," reminded Miller, who archetypal purchased the crypto successful the $200-$300 range. "I ain it arsenic an security argumentation against fiscal catastrophe ... I haven’t heard a bully statement yet wherefore anybody shouldn’t enactment astatine slightest 1% of their liquid web successful bitcoin."
As for his short-term outlook connected bitcoin, Miller says helium "doesn't person a clue," and portion helium would beryllium "chagrined" if bitcoin halved again from here, helium wouldn't beryllium surprised.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
Please enactment that our
cookies, and
do not merchantability my idiosyncratic information
has been updated.
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a
strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of
Digital Currency Group, which invests in
and blockchain
startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of
stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Stephen Alpher is CoinDesk's co-regional quality chief, Americas. He holds BTC and ETH supra CoinDesk’s disclosure threshold of $1,000.
Stephen Alpher is CoinDesk's co-regional quality chief, Americas. He holds BTC and ETH supra CoinDesk’s disclosure threshold of $1,000.
Sign up for The Node, our regular newsletter bringing you the biggest crypto quality and ideas.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 