30 Oct '17, 6pm

Bitcoin makes up nearly a third of Bill Miller's market-crushing hedge fund, report says

Bitcoin makes up nearly a third of Bill Miller's market-crushing hedge fund, report says

A hedge fund run by legendary investor Bill Miller now has about 30 percent of its assets in bitcoin , up from 5 percent last year, The Wall Street Journal reported Friday , citing an interview with Miller. The fund, MVP 1, bought its bitcoin for an average $350 each, the Journal said, citing a letter to investors released last week. With bitcoin trading around $6,100 Monday, that means the fund's digital currency investments have soared more than 1,600 percent. Miller managed a fund at Legg Mason that beat the S&P 500 for 15 straight years through 2005, until the downturn of the recession. He left Legg Mason in August 2016 after a 35-year career there and has since founded his own investment firm, Miller Value Partners. When asked for comment by CNBC, Miller Value Partners referred CNBC to the Journal article. Bitcoin performance (2014 - 2017) Source: CoinDesk Miller told...

Full article: https://www.cnbc.com/2017/10/30/bitcoin-nearly-a-third-of...

Tweets

Bill Miller Has 30% Stake in Bitcoin, Sees Adoption as Key to Success

Bill Miller Has 30% Stake in Bitcoin, Sees Adop...

cointelegraph.com 29 Oct '17, 2pm

Famous Wall Street investor Bill Miller has a bullish 30 percent of his fund’s assets in Bitcoin according to a recent rep...

Bill Miller Put 30% Of His Fund's Assets In Bitcoin

Bill Miller Put 30% Of His Fund's Assets In Bit...

zerohedge.com 28 Oct '17, 8pm

While Jamie Dimon, Warren Buffett, Ray Dalio and Larry Fink have all revealed themselves to be skeptics of bitcoin, accusi...

Bitcoin: now worth $100 billion.

coinmarketcap.com 29 Oct '17, 12pm

Trade Volume 24 Hour Volume Rankings (Currency) 24 Hour Volume Rankings (Exchange) Monthly Volume Rankings (Currency) Tren...

Bitcoin's market cap has topped $100 billion

bloomberg.com 30 Oct '17, 3pm

Another day. Another record for bitcoin. The most widely used digital currency will now cost you about $6,125 apiece after...

There are now more than 120 hedge funds focused solely on bitcoin, digital currencies

There are now more than 120 hedge funds focused...

cnbc.com 27 Oct '17, 8pm

More than 90 funds focused on digital assets like bitcoin have launched this year, bringing the total number of such "cryp...

Nearly a Third of Millennials Say They'd Rather...

bloomberg.com 08 Nov '17, 4pm

It’s become commonplace in news headlines to say millennials kill everything from romance to napkins, but now a survey sho...

Wall Street Hedge Funds Rush to Cryptocurrencies, 90 Bitcoin-Like This Year Alone

Wall Street Hedge Funds Rush to Cryptocurrencie...

news.bitcoin.com 28 Oct '17, 8pm

Finance 11 hours ago | By C. Edward Kelso - | 18931 | 10 Wall Street Hedge Funds Rush to Cryptocurrencies, 90 Bitcoin-Like...

Hedge Funds Push the Price of Bitcoin to New Highs

nytimes.com 06 Nov '17, 9pm

SAN FRANCISCO — The chief executive of JPMorgan Chase, Jamie Dimon, has called Bitcoin a fraud and made it clear that he w...

Hedge Funds Push the Price of Bitcoin to New Highs

nytimes.com 06 Nov '17, 9pm

SAN FRANCISCO — The chief executive of JPMorgan Chase, Jamie Dimon, has called Bitcoin a fraud and made it clear that he w...