Billionaire Bill Miller: Advisors will recommend allocating 1%-3% of Bitcoin in portfolios in the next few years

Billionaire investor Bill Miller recently said in an interview that he expects financial advisors to start recommending a 1% to 3% allocation of Bitcoin in portfolios within the next three to five years. He highlighted Bitcoin's unique economic attributes, noting that Bitcoin's supply is fixed regardless of demand or price changes, and its availability is not affected by market dynamics. "It's the only economic entity where supply is not affected by demand or price, and at the most basic level, you just have to believe that demand for Bitcoin will grow faster than supply," he said. If more people want to buy Bitcoin, its price will continue to rise because its supply will not increase, unlike gold, he noted. Earlier this year, JPMorgan Chase found that Bitcoin accounted for more than gold in investors' portfolio allocations after adjusting for volatility, with an allocation of 3.7 times that of gold in portfolios. (Cryptonews)