Top 5 cryptocurrencies to watch this week: BTC, ETH, LINK, LEO, XEM
Cointelegraph
Published Nov 08, 2020 05:40PM ET
Updated Nov 08, 2020 07:20PM ET
This week Bitcoin (BTC) price nearly hit a new multi-year high at $16,000 and legendary investor Bill Miller told CNBC that the law of supply and demand favors BTC. While the supply is increasing by about 2.5% a year, “the demand is growing faster than that.” Miller expects every major bank, high net worth firms, and investment banks to “eventually have some exposure in Bitcoin.”
Although Bitcoin’s volatility remains high, Miller expects investors to focus on the staying power of Bitcoin as the risk of it ever going to zero is much lower than before.
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Written By: Cointelegraph
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