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Bill Miller Says Corporate Cash Could Fuel a Bitcoin ‘Torrent’

  • Bitcoin, up 20% in 2021, crosses $35,000 mark for first time
  • Square, MicroStrategy are among the firms to invest in coin
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Bitcoin Rallies to Record High in Crytpo’s Best Week Since 2017
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Bill Miller says the surge of attention generated by Bitcoin’s frenzied rally could ignite further gains by encouraging corporate treasurers to use the cryptocurrency for diversification.

“If inflation picks up, or even if it doesn’t, and more companies decide to diversify some small portion of their cash balances into Bitcoin instead of cash, then the current relative trickle into Bitcoin would become a torrent,” Miller of Miller Value Partners LLC wrote in a blog post published Jan. 5.