The legendary investor Bill Miller is apparently bullish when it comes to cryptocurrencies. Miller told Forbes he invested 1% of his net worth into bitcoin in 2014, determining that the potential gains from a cryptocurrency boom outweighed the risk of a complete loss. Forbes reporter Antoine Gara writes that the investment has grown tenfold and that bitcoin is one of the top holdings of Miller’s hedge fund. In 2014, bitcoin traded between $ 183 and…"An investing legend is making a killing after putting 1% of his net worth in bitcoin"
Ether, the unit of cryptocurrency used on the Ethereum blockchain, has given investors a wild ride lately. Its value more than doubled in May, peaked in June at more than $ 400 an ether, and then lost more than half that value by early this week. That may sound like a bubble bursting. But some investors are still optimistic and are prepared to ride it out. Aaron Batalion, a partner at Lightspeed Venture Partners, said…"Silicon Valley is hot on a new cryptocurrency that could become worth 100 times its current value"
Bitcoin has been the top-performing currency in the world in six of the past seven years, climbing from zero to a value of about $ 1,190. But the cryptocurrency isn’t anywhere close to its potential, according to Jeremy Liew, the first investor in Snapchat, and Blockchain CEO and cofounder Peter Smith. In a presentation sent to Business Insider, the duo laid out their case for why it’s reasonable for bitcoin to explode to $ 500,000 by…"The first investor in Snapchat thinks bitcoin could realistically be worth $500,000 by 2030"