According to BlockBeats, on October 21, billionaire investor Bill Miller said in a recent interview that he expects financial advisors to begin recommending 1% to 3% of Bitcoin in investment portfolios in the next three to five years.

“It’s the only economic entity where supply is not affected by demand or price,” he said. “At the most basic level, you just have to believe that demand for Bitcoin will grow faster than supply.”

He noted that if more people want to buy Bitcoin, its price will continue to rise because its supply will not increase, unlike gold. Earlier this year, JPMorgan Chase found that Bitcoin accounted for more than gold in investors' portfolio allocations after volatility adjustment, with its allocation in portfolios 3.7 times that of gold. (Cryptonews)