Bill Miller IV emphasized that Bitcoin doesn’t care about short term price movements what matters is its core function serving as a check on the irresponsibility of fiat money printing.

He compared it to gold although gold has a market cap of 20 trillion dollars while Bitcoin’s is only 2 trillion Bitcoin surpasses gold in several ways — it’s harder to steal easier to store and transfer and can be transparently audited on the blockchain.

He pointed out that auditing the gold in Fort Knox took up to 44000 hours whereas with Bitcoin the public can verify transparency with just a few clicks on the blockchain. #btc #GOLD