The Altinvestor Bill Miller compared Bitcoin with a ferrari and gold to Horse and Buggy

The Altinvestor Bill Miller compared Bitcoin with a ferrari and gold to Horse and Buggy

The former Chairman and Cio from Legg Mason Capital Management - Bill Miller - once again shared his support for the primary cryptocurrency by comparing it to a ferrari. On the other hand, he described gold as out of date by comparing it to a "horse-and-buggy".

BTC is better than gold

The US investor, fund manager and philanthropic Bill Miller is one of those who believe that the leading digital asset is a better value-saving person than gold. In a recently Interview For Forbes he said that Bitcoin had the properties of the luxurious sports car Ferrari. On the contrary, the precious metal stands for old times or a "horse-and-buggy", added Miller.

so he joined Michael Saylor, Mark> Mark> Mark Cuban , Anthony Scaramucci and many more - all claimed that Bitcoin was superior to gold due to its known maximum upper limit and digital presence.

Miller is not a newcomer in the cryptocurrency area. Although he has been skeptical about BTC in the past, he has recently supported the asset, especially after the global economic hurdles caused by the Covid 19 pandemic.

At the beginning of 2021, the American Philanthrop on the other hand The well-known crypto-basher Warren Buffett, the Bitcoin compared to "rat poison":

"Warren Buffett has known to refer to Bitcoin as a 'rat poison'. Maybe he is right. Bitcoin could be rat poison and the rat could be cash."

His attitude towards Bitcoin did not change, even when the price began to fall at the beginning of this year. In May he Cryptocurrency is safe and investors should see as an even more tempting option, since their value is lower:

Bill Miller, CNBC

BTC is also like a Ducati Panigale

This is not the first time that a prominent investor compares the primary cryptocurrency with a quick vehicle. Last month Ronald-Peter Stoeferle said that the USD value of Bitcoin would skyrocket in the next decade with unimaginable temperatures. Nevertheless, he believes that it would never turn gold if he praises the precious metal as the safest financial instrument.

Therefore, he convincingly argued that gold works as a safe Volvo that can conveniently bring it from A to B. In contrast, BTC is a wild trip like a Ducati Panigale, in which traveling would be more pleasant but more pleasant at the same time:

"And as soon as it starts to rain or snow, it becomes really risky. You just have to decide whether you can withstand the volatility of Bitcoin."

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