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Miller Joins Novogratz Owning Bitcoin in ‘Venture Bet’

Bill Miller, the fund manager best known for value stock picks at Legg Mason Inc., said he owns Bitcoin through his personal investments, adding to a chorus of investors touting the virtual currency’s potential.

“Bitcoin is like making a venture bet,” Miller, who beat the Standard & Poor’s 500 Index for a record 15 years through 2005 when he ran the Legg Mason Capital Management Value Trust, said today in an interview on Bloomberg Television’s “Surveillance” with Tom Keene. “The potential return is huge.”