According to ChainCatcher, Bill Miller IV, billionaire investor, chairman and CIO of Miller Value Partners, reiterated his firm belief in Bitcoin in a blog post titled "Why I'm Still Betting on Bitcoin" on June 11.

Miller believes that Bitcoin is still severely "undervalued" and predicts that there will be a major shift in global capital governance. He emphasized that the traditional monetary system, which is subject to human judgment and political manipulation, is inherently flawed. Bitcoin, as a secure, immutable and automated system, provides a better option.