According to Odaily, billionaire investor and Chief Information Officer of Miller Value Partners, Bill Miller IV, has reiterated his strong belief in Bitcoin in a blog post titled 'Why I Still Bet on Bitcoin' published on June 11. Miller believes that Bitcoin is still significantly 'undervalued' and predicts a major shift in global capital governance. He emphasized that the traditional currency system, which is essentially flawed due to human judgment and political manipulation, offers a better choice in Bitcoin as a secure, immutable, and automated system.
Miller added, 'Fundamentally, currency is a system of accountability, and Bitcoin represents a breakthrough in ensuring accountability through technology rather than human intervention.' He also highlighted Bitcoin's ability to transfer property rights through time and space without human permission. Miller further stated that Bitcoin is becoming a central role in the ongoing development of the capital and currency system, a transition that is still in its early stages.