Here is why experts think Bitcoin is better than gold as an investment:

Bill Miller

Who is Bill Miller?

Bill Miller is a well-known investor who has achieved significant success during his career.

He has an estimated net worth of over $1.8 billion.

Miller is the founder and chief investment officer of Miller Value Partners, an investment management firm that he founded in 1999.

He is also known for his tenure as the portfolio manager of the Legg Mason Capital Management Value Trust, which he managed from 1982 to 2012.

During this time, he achieved a remarkable record of outperformance, beating the S&P 500 index for 15 consecutive years from 1991 to 2005.

In addition to his career in investment management, Miller is also an active philanthropist, supporting causes such as education, healthcare, and the arts.

He has donated significant sums to various institutions, including Johns Hopkins University and the Baltimore Museum of Art.

Overall, Bill Miller is widely regarded as a highly accomplished investor, with a track record of success that has earned him a reputation as one of the most skilled and respected investors in the industry.

Bill Miller on Bitcoin vs Gold

“The current state of Bitcoin can be best described as digital gold.

For 5,000 years, people have turned to gold as a store of value, especially when governments have tried to inflate their currencies.

In 1933, Franklin D. Roosevelt even confiscated everyone's gold in the United States.

However, since Bitcoin is held securely and there is no physical asset to confiscate, the government cannot take it away.

Moreover, you can send Bitcoin instantaneously and at a low cost, as long as you have an internet connection.

Bitcoin is the only economic entity where the supply is unaffected by demand. Even with gold, if the price goes up, more gold will be mined to meet the demand.

This is not the case with Bitcoin, which has a fixed supply limit of 21 million.

Bitcoin production accretion is currently about 1.5 to 2 percent, similar to gold, but it is expected to drop below 1.5 percent in 2022.

Thus, only a limited amount of Bitcoin can be created, which means that the only thing people need to believe in is that the demand for Bitcoin will grow faster than its supply, and its price will increase inexorably over the years.”

“The most common argument I hear is “why not invest in gold?” After all, gold is considered an insurance policy against catastrophe, historically speaking.

However, in my opinion, gold has been around for around 5000 years and has only increased in value by a small amount over that time.

For example, a dime or a nickel in today's terms.

In contrast, Bitcoin has only been around for 10 years and has already increased in value from a nickel to 57,000.

Given this, why would I choose to invest in gold?

Additionally, over the past decade, gold has decreased in value while Bitcoin has been the best performing asset category in the world.”