TechFlow news, on October 21, billionaire investor Bill Miller said in a recent interview that he expects financial advisors to begin recommending allocations of 1% to 3% bitcoin in investment portfolios within the next three to five years. He stated, "This is the only economic entity whose supply is unaffected by demand or price. At the most basic level, you just need to believe that demand for bitcoin will grow faster than its supply." He pointed out that if more people want to buy bitcoin, its price will continue to rise because its supply won't increase—unlike gold. Earlier this year, JPMorgan found that, after adjusting for volatility, bitcoin's allocation in investor portfolios exceeded that of gold, with bitcoin's portfolio allocation being 3.7 times that of gold. (Cryptonews)
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