Billionaire investor Bill Miller likens bitcoin to digital gold, saying it's less risky

Billionaire value investor and founder of Miller Value Partners, Bill Miller, says bitcoin is a "lot less risky" at its current price than it was at $300 given the "huge amounts of venture-capital money have gone into it, and all the big banks are getting involved," according to a recent conversation with author William Green, Business Insider reports. Keep in mind, bitcoin (BTC-USD) is closing in on $60K — and putting it within striking distance of its all-time high of $65.5K amid bullish investor sentiment coming into Q4. Miller admits that the majority of the 10K various digital tokens within the crypto market will probably not be worthwhile, but bitcoin (BTC-USD), ethereum (ETH-USD) and a few others will likely be around for a while longer. "I think of bitcoin as digital gold. The key is the demand for this particular type of protection against financial catastrophe." Miller also likens