When Bill Miller first bought Bitcoin in 2014, it was a little-known cryptocurrency that was mostly used by tech-savvy individuals. At the time, Bitcoin was worth around $700 and Miller invested 1% of his hedge fund’s assets into the digital currency.
This made him one of the first mainstream investors to bet on Bitcoin.
Since then, Bitcoin’s price has skyrocketed and it is now worth over $10,000. This means that Miller’s initial investment is now worth over $100 million.
He has continued to invest in Bitcoin and has even said that it could eventually be worth $1 million per coin.
Miller is not the only mainstream investor to have made a killing off of Bitcoin. Tyler and Cameron Winklevoss, the brothers who are best known for suing Mark Zuckerberg over Facebook, are also early investors in Bitcoin.
They are reported to own around 1% of all Bitcoins in circulation, which would make their holdings worth over $1 billion at today’s prices.
With Bitcoin’s price continuing to rise, it seems like there is no stopping the digital currency’s bull run. Investors like Bill Miller have made a fortune off of Bitcoin and there are sure to be many more millionaires made in the years to come.