According to a recent Wall Street Journal report, the well-known Wall Street investor Bill Miller, 30% of the assets of his fund stores in bitcoin.

The Miller Foundation invested 30% in bitcoin as early as the beginning of 2016, when the prices for this crypto currency were only a small fraction of the current level.

Bill Miller is the famous manager of the Legg Mason Value Trust (LMVTX). It was under his leadership that one of the longest "win-win series" in the history of mutual funds was fixed. Thus, the total profitability of LMVTX exceeded the S & P 500 index for 15 consecutive years (from 1991 to 2005).

The Miller Foundation demonstrates 70 percent growth for the year, which far exceeds the performance of even the most well-known hedge funds in the world, such as Dan Loeb's Third Point LLC, which this year showed only 14% growth.

Miller has previously stated that he invested in bitcoin one percent of his personal funds in early 2016, triggering a wave of outrage among other sharks from Wall Street, such as Diamond, Fink and Buffe who believe that bitcoin is a bubble. Miller, however, remains unshakable. Although he is not too optimistic about the prospects of bitcoin, Miller believes that this is a great opportunity:.

I believe that the bitcoin price still has a chance to drop to zero, but every day, when this does not happen, makes this prospect increasingly unlikely, as more and more venture capital comes into the crypto-currency ecosystem, and more and more people get acquainted with bitcoin and invest in it.