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50% of Bill Miller’s Personal Wealth Now in Bitcoin (BTC)

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Legendary value investor and billionaire Bill Miller is riding on a high tide called Bitcoin. The ‘man’ himself is now represented by 50% of his personal assets being vested in Bitcoin (BTC).

In his interview with WealthTrack, published on 8 January 2022, Miller said that digital currency and some related crypto investments now account for half of his investment portfolio. At this point, Miller no longer calls himself a ‘Bitcoin observer’ but rather a Bitcoin bull.

Miller held a minor amount in BTC until not very long ago. According to him, his recent Bitcoin (BTC) shopping spree, during the perfect buy-in opportunity where Bitcoin had dropped to $30,000 last year, was the result of the token’s continuous price growth and captivating basics. Miller stated,

“Bitcoin has gone up an average of 170% a year for the past 11 years… There are a lot more people using it now, a lot more money going into it from the venture capital world, there are a lot of skeptics that are trying it out now.”

Miller said that he directly started purchasing the token at $200 in 2014 after listening to a talk by Wences Casares, known as the ‘Patient Zero’ of Bitcoin for introducing it to Silicon Valley circles, at the annual Sun Valley media and tech conference. He went on to buy more of the tokens over time, but then stopped for a while, until last year when the price started to soar high and then started to drop sharply; he assumed that it was the right time to buy the dip. He started buying it again because there were a lot more people using it and many venture capitalists and others were investing in it too.

Crypto is a safe haven to Bill Miller

Legendary investor Bill Miller said that he thinks Bitcoin (BTC) is best though of as ‘digital gold’ with a strictly limited supply and that he’s only now allowed himself to be called a ‘Bitcoin Bull’ because he feels that it has now developed into a game changing technology.

He says that another important driving force to his investments in Bitcoin was the government’s lack of ability to interfere in cryptocurrency’s economics and ownership. Miller believes that Cryptocurrency is just like an insurance policy as the government cannot confiscate either. At the time of writing, Bitcoin was priced at $41,712.02 and had risen by 1.77% in the last 24 hours.

Top Five Cryptocurrencies to Watch in 2020

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Digital currencies could be due to huge gains in 2020. Well, it’s another year and there’s a lot to be offered by the cryptocurrency community. Bitcoin began the year in a really good shape convincing bulls that it’s time for business.

At the end of February, however, Bitcoin quickly collapsed, taking the rest of the cryptocurrency market with it. Despite the recent red market, a number of exciting projects and innovations are underway to watch out for. Having said that, let’s look at the top digital currencies to be on the watch list in 2020.

1. ChainLINK (LINK)

Back in 2019, LINK was the best performing digital currency and started the new year with the same momentum. Recently, ChainLink’s native token, LINK has seen staggering price movements. At the beginning of 2020, LINK is among the massive gainers of the bullish action At some point this year, its price has increased by more than 187 percent. In fact, LINK seems to be going against the price movement of Bitcoin. While BTC is down, LINK seems to have made key market gains.

Nevertheless, LINK’s price action is not the only interesting thing to keep an eye on; ChainLINK does some impressive business deals. In addition to partnering with giant search engine Google, ChainLINK has been busy forming more and more collaborations.

LINK has been building a buzz on the crypto platform, but the mainstream press still has so much to do. The price seems undervalued, making it crypto to watch this year.

2. Enjin Coin (ENJ)

The self-proclaimed gold standard for cryptocurrencies, Enjin coin (ENJ), has been gaining a lot of popularity among gamers. Enjin recently launched its mainnet on the Ethereum blockchain. It allows almost anyone to create games with items that live on a blockchain network.

After its launch, the token’s price had a massive rally reaching a record high. Nevertheless, it was subjected to the ongoing crypto reds market that revealed its correlation with other popular cryptocurrencies such as BTC and ETH.

The ecosystem of Enjin Coin consists of the Enjin platform, Explorer, Wallet, Beam, and other tools and services. This blockchain-based product ecosystem enables game developers and studios to use digitally tokenized blockchain assets as part of their strategies for acquisition, retention, interaction and monetization.

Its new product, which enables developers to create their own games and other in-game items driven by ENJ tokens. Currently, after a massive drop of 56% ENJ’s price $0.09 which seems very undervalued considering the ambitions of the project. It’s worth keeping tabs on.

3. Digitex (DGTX)

DGTX is a native token of the Digitex Futures Exchange. This startup aims to revolutionize the futures trading market for digital currencies by removing the commission liability from any trade. Scraping the fees will allow scalpers to make money and take advantage of the market’s tiniest price fluctuations. This is not possible at the moment, given the high fees charged by other exchanges.

In addition, the Digitex futures exchange has a user interface with a one-click trading ladder. This GUI helps the traders to remain in the price zone and position their orders with just a click of a mouse without using the keyboard.

The crypto startup will make it compulsory for traders to use DGTX tokens for all trades, hence enabling it to eliminate commission from all trades. In addition, this will also create a demand for the DGTX tokens among traders who want to enjoy commission-less trading and liquidity in the markets. Although that amount represents a 220% return rate for the initial ICO investors, DGTX enthusiasts are confident that it will reach its all-time high of 16 cents once it has been integrated for trading. 

The exchange is currently in beta version and the mainnet is expected to be rolled out by 27th April, stirring a bullish movement of DGTX price action regardless of how BTC is doing. Watch out for this one.

4. Tezos (XTZ)

Tezos (XTZ) is a blockchain network linked to a digital token, known as tez or tezzie. Token holders get a reward for engaging in the consensus mechanism of proof-of-stake.

Tezos is one of those cryptocurrencies which tends to increase in value when Bitcoin is down. Additionally, this year’s XTZ token price action was among the most active so far, experiencing huge gains and corrections.  Tezos blockchain has a huge global baker culture alongside a committed developer team.

Furthermore, both Coinbase and Kraken have recently listed XTZ for staking which resulted in a massive uplift to tezos.  With the current momentum of the token and the downward trend of BTC, this year’s XTZ is an interesting prospect.

5. Basic Attention Token (BAT)

Basic Attention Token is an Ethereum-based token created alongside Brave Browser home platform. This token was founded by Brendan Eich, co-founder of Mozilla and Firefox, who also created JavaScript.

Through Brave BAT will be used to pay content creators and advertisers via tips from loyal fans, and users will also receive BAT for viewing advertising. Basic Attention Token (BAT) aims to completely revamp the efficiency of digital advertising using its token, which can be transferred between advertisers, users, and publishers.

 

Developers Create CoronaCoin, a Coronavirus Pegged Cryptocurrency  

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Cryptocurrency developers have created a new coin, dubbed CoronaCoin (NCOV). The intent is to help users achieve profit from the number of people who die due to the deadly coronavirus epidemic.

 According to the coin’s website, the supply of Coronacoin is directly proportional to people’s mortality rate concerning the fatal virus; the price of the currency will increase as the virus kills more people.

 The coronavirus is becoming more widespread globally, on Friday six new countries have reported the cases, and the World Health Organization has raised serious concerns over the epidemic and has called its impact “very high” alert.

 Many businesses across the world have been affected due to the spread of the deadly virus. Besides, three major stock indexes of the U.S. are to face the worst week since 2008’s financial crisis.

 Moreover, the creator of the CoronaCoin has established tokens based on the world populations and tokens will be burnt every 48 hours based on the number of people who have been infected or have died.

 An admin of Telegram group for CoronaCoin Sunny Kemp said:

 We developed the world’s first blockchain that tracks the spread of the virus based on it’s [sic] token supply. The token supply started at 7.6 billion and is burned every two days to keep up with official WHO statistics.” 

 “Some people speculate a large portion of the supply will be burned due to the spread of the virus, so they invest,” Sunny Kemp added.

 When asked about other developers, Kemp said that the team is based on seven developers and more coming on board. He declined to unveil the others and said that they are mostly from Europe.

 As transactions are recorded through a virtual ledger – Blockchain and the CoronaCoin records the spread of the virus whereas tokens can be bought and sold on a few online exchanges.

 Kemp, who is one of the developers of the coin, said that about 20 percent of supply would be donated monthly to the Red Cross through a popular cryptocurrency payment processor. 

 On the other hand, CoronaCoin has been criticized by the users of Reddit, a social media platform.

One of the Reddit’s users expressed his views: “Frankly, this is amoral.”

“There has GOT to be a special place in hell, just for these investors, devs, users, everyone involved” commented another

 While questioning, if the token could be viewed as morbid, Kemp stated: 

 “There are currently active pandemic bonds issued by the WHO. How is that different?”