Bill Miller IV, President and CIO of Miller Value Partners, and the increasing interest in crypto assets from global pension funds Bitcoin $113,239.43pointed out that it could lead to significant increases in value. Miller on Wednesday on a television channel Miller, retirement accounts even if the crypto assets are directed to a very limited rate of Bitcoin price may increase, he noted.
Pension Funds and Bitcoin
Bill Miller IV stated that there is currently about 60 trillion dollars in pension funds around the world, and that crypto assets are not given any weight in these funds for now. Miller suggested that a small change in the distribution may have a serious impact on the market.
Bill Miller IV: “Currently there is a zero share devoted to crypto assets. This is the unity of 60 trillion dollars, adding $ 30,000 to the price of Bitcoin (in the worst scenario).”
According to Miller, only 2 %of pension funds are directed to Bitcoin to be a very cautious/exaggerated estimate. Miller also underlined that traditional assets experienced around 2 %annually in the face of alternative protocols such as Bitcoin.
“All these assets are currently kept in a currency layout, where the authorities want to reduce 2 percent per year (the inflation target of countries). Then why not take 2 %of the assets in an ice cube melting in these accounts?”
Bitcoin price estimation
Miller argued that institutions have just turned to new crypto beings and that this interest has grown. Increasing corporate interest in Bitcoin is expected to bring accessibility and confidence to the sector. The turning of traditional investors and large funds to Bitcoin will have permanent effects on the market. As a matter of fact, we all witnessed how Spot ETFs have seen a huge demand.
Compared to the current price levels, Miller predicts that a 2 %investment that may come from pension funds can increase the price of Bitcoin up to $ 175,000. This level is 50 %above Bitcoin’s current value.
Experts expect crypto assets to find more space in financial markets in the coming years if the interest of pension funds occurs in Bitcoin. Especially with the introduction of corporate investors, it is estimated that fluctuations and upward movements may continue.
Bill Miller IV’s statements can lead to reconsider their strategies of retirement fund managers and major investors. However, whether these estimates will be realized will depend on the level of the interest of funds to crypto beings in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
