A large investor placed in bitcoin 30% of his hedge fund

The number of bitcoin supporters is growing, which leads to an increase in capital investments in the industry of crypto-currencies. Now the industry is attracting financial heavyweights, which are beginning to understand the value of digital currencies and their incredible potential. As a result, they begin to invest. For example, Bill Miller successfully invested a third of his hedge fund in bitcoin. Influential investor Bill Miller ran a portfolio that struck everyone with its success from 1991 to 2005. Now he started making money using bitcoin. According to the Wall Street Journal, Miller invested 30% of his fund's assets in bitcoin. It is worth noting that he bought a crypto currency at a price of $ 350 per coin. Now the price of bitcoin fluctuates around 6 500 dollars.

"Among its assets worth $ 2.3 billion is a $ 154 million hedge fund. In an interview, Miller said that this year the size of the fund grew by 72.5%. Now 30% of its assets are in bitcoin, and in 2016 this figure was 6 times less. "

Miller expressed optimistic views on bitcoin, saying:

"I think that bitcoin depreciation is possible, but so far it has not happened and is becoming less likely, as more and more capital enters the industry and more people learn about bitcoin and buy it."

Not everyone is ready to invest

As more and more people learn about bitcoin, the number of crypto currency enthusiasts is growing exponentially. However, many large investors still do not know about its advantages, and fearing the unknown, they refuse to study it.
One notable example is the tycoon Warren Buffett (Warren Buffett), who ignores the potential of bitcoin. He is not able to understand the value of bitcoin. Therefore, he does not trust him. Recently he turned to business school students with the words:
"You can not evaluate bitcoin, because it's an asset that does not create value," Buffett said.

Then he called the impressive trend of bitcoin growth "a typical bubble," according to MarketWatch.
This is not the first time that Buffett does not see the potential that innovation and new technologies offer. Its main problem is the lack of understanding of technologies and the lack of interest in them. Previously, he also ignored Google and Facebook. Talking about how he did not buy Google shares, when the founders of the company asked him to participate in the IPO, he admits that he did not act because of his ignorance.

He said:

"I had many opportunities to ask questions and study the subject, but I did not use them."

He also explained his inability to see the potential of Amazon, saying that he was "too stupid."

Bitcoin spreads, its image grows

Of course, there are financial tycoons of the caliber of Warren Buffett and Saudi Prince Alwaleed bin Talal who will resist change and technological innovation. Nevertheless, many other big names in the field of finance and industry become enthusiasts of the crypto currency. For example, Bill Gates, co-founder of Microsoft, is delighted with bitcoin. In 2014, Gates said: "Bitcoin is the best currency."
Similarly, Steve Wozniak, one of the founders of Apple, suggested that bitcoin is better than gold and the all-powerful US dollar.
The adoption of the crypto currency is growing rapidly, which affects its value in the financial markets. Given that information about bitcoin has finally reached the ears of multi-billionaires and their environment, the opposition to bitcoin will gradually decline. As a result, many of them, like Bill Miller, will begin to see and benefit from the amazing potential of bitcoin.