Billionaire investor Bill Miller recently said in an interview that he expects financial advisors to begin recommending a 1% to 3% allocation of Bitcoin in portfolios within the next three to five years, CoinVoice has learned.

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

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. [Original link]