Bill Miller IV: Bitcoin Is a New Capital Standard Outside State Money
- —Miller called Bitcoin a "capital denominator" anyone can choose
- —He said every fiat currency is ultimately backed by the threat of physical punishment
- —He is highly optimistic about what Bitcoin means for societies worldwide
- —The more ledgers are separated from coercion, the more civilized a society, he said
Why it matters: The comments from a well-known institutional investor reinforce the narrative of Bitcoin as an alternative to fiat, though they contain no new market data.
Source: TokenPost