Bill Miller IV, Chief Investment Officer and Chairman of Miller Value Partners, predicted that every company will hold Bitcoin as a treasury asset within 20 to 30 years, according to his July 28 appearance on CNBC’s Closing Bell.
Miller argued that Bitcoin will outperform traditional currencies over time, leading companies to store value in Bitcoin rather than fiat currencies, according to his CNBC interview.
Miller explained that Bitcoin’s price growth will speak for itself. Companies will want to hold Bitcoin when they see that stocks and bonds linked to it do better than others. Once the trend starts, more firms will follow. He described this as a “snowball effect.”
Miller pointed to the growing number of companies already holding Bitcoin. Currently, 282 organizations hold Bitcoin, and 160 of them are publicly traded firms. This number has grown in recent months, reflecting rising interest in Bitcoin as a treasury asset.
Firms like Metaplanet, GameStop, Twenty One Capital, and ProCap have all joined the trend. They have shifted millions of dollars into Bitcoin. Miller noted that these companies are following a strategy led by Michael Saylor’s firm, Strategy.
Miller said investor confidence remains strong, even though Strategy’s stock recently dropped. He mentioned that every fundraising effort by the firm has been oversubscribed. Most recently, Strategy raised its STRC offering goal from $500 million to $2.52 billion.
Bitcoin Beats Other Tokens, Says Miller
Miller also shared strong views on other cryptocurrencies. He said Bitcoin remains the only “game-changing technology” in space.
He criticized Ethereum and Solana for using proof-of-stake systems. He said these systems are too centralized and argued that they give too much control to large holders. In contrast, Bitcoin’s proof-of-work system spreads power more evenly.
He commented on the recent U.S. CLARITY Act, which classifies Ethereum and Solana as decentralized. Despite this, he argued that Bitcoin is still the most reliable and transparent blockchain.
Miller said Bitcoin offers real benefits like supply limits, 24/7 visibility, and that makes it the clear choice for companies looking ahead.
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