For the famous investor Bill Miller, the more the price of Bitcoin increases, the less risk there is in investing in cryptomoney.

One of the biggest concerns for all those entering or thinking about entering the crypto world, is the volatility of Bitcoin. For, despite the spectacular rise in the last few months, the truth is that this is not the first time that the price of BTC has shot up. And on other occasions these increases have led to a collapse in its price. However, for the famous investor Bill Miller, the more the price of Bitcoin rises, the less risky it is.

Bitcoin’s daily trading volume reached a record $99 billion
Bitcoin price risks
Eleven years after the creation of Bitcoin, volatility in the crypto market remains a major concern for members of the crypto community. The price of the world’s main crypto currencies is subject to the vagaries of the market. These can make their value rise or fall radically in a matter of minutes.

For that reason, for years traditional investors have stayed away Bitcoin Billionaire from these financial assets. Not having sufficient confidence that the price of these assets would not collapse definitively at any time. By making them lose all the money they would have invested in Bitcoin or some other crypto currency.
However, in recent months this fear has begun to be overcome. As hundreds of traditional investors acquire Bitcoin, driving a new major upward rally of the cryptomone currency that has already priced in excess of $40,000. This despite the risks that can come with investing in a digital asset like BTC.

Bitcoin breaks all-time highs with twice the actual volume
The more the price of Bitcoin increases, the less risky it is for Bill Miller. Source: Coindesk
The more the price of Bitcoin increases, the less risky it is for Bill Miller. Source: CoinDesk
The higher it goes, the less likely it is to fall
However, not everyone sees the market in this way. For the famous investor Bill Miller, as the price of Bitcoin continues to rise, the more secure this asset becomes to invest in it. And, therefore, it’s less likely that its price will end up deflating as is often the case with other financial assets that rise too much.

„It becomes less risky the higher it goes (…) It’s the opposite of what happens with most stocks (…) The total supply of Bitcoin is growing by less than 2% a year and it’s obvious from the price that demand is growing much, much faster than that. As long as that happens, Bitcoin is likely to go up further and perhaps considerably more.

So, although Bill Miller doesn’t have a target price for Bitcoin, if you consider that BTC’s share price will rise by 50-100% in the next 12-18 months. This doesn’t mean that volatility will disappear from the crypto market, for as Miller explains, it is a common feature in new technologies. However, the risks decrease the more the price increases.