Originally reported by ChainCatcher on November 14, 2026, at 04:20 (UTC+8).
Bill Miller IV, chairman and chief investment officer of Miller Value Partners, told BMTV he remained bullish on Bitcoin despite market sentiment he described as approaching lows seen around the FTX collapse.
His case centered on supply. Miller said Bitcoin’s supply grows by just 80 basis points a year and argued that this makes it scarcer than gold. He also contended that Bitcoin’s potential addressable value is far greater than its current market capitalization. Those are Miller’s comparisons and outlook, not conclusions established by the report.
Miller acknowledged the cost of holding an asset he considers valuable: volatility. He cited a rise from $63,000 to $87,000 over several months, followed by a retreat to $68,000. His scarcity argument does not remove that price risk.