It should be noted that Bitcoin is regularly pitted against conventional fiat money with unlimited supply. BTC’s main advantages against them are its 21 million coin issuance limit and its fixed inflation rate, which is currently equivalent to 1.82 percent.

Bitcoin inflation graph against the cryptocurrency

The listed perks are definitely loved by regular users who continue to accumulate the cryptocurrency. This can be seen in the number of addresses with at least 0.1 BTC. According to Glassnode analysts, this figure set a record today at 3,851,418 units.

Graph of the number of Bitcoin addresses with at least 0.1 BTC

What will happen to Bitcoin in the future

Miller gave his opinion on the market in a conversation with Morgan Stanley managing director Marvin McIntyre, with the discussion itself taking place at the Forbes/SHOOK Top Advisor Summit. The investor acknowledged that well-established companies of the past decade are now crashing in the face of a hawkish stance by the US Federal Reserve. On the other hand, he also stated that this presents a great opportunity to buy more shares cheaper. Here’s his point.

If your time horizon is more than one year, you should do very well in the market.

In other words, the expert hints that even though the market is currently in a bearish trend, after a relatively long time horizon of one year the situation in the coin industry and the global economy as a whole is certain to change. There is likely to be a risk of collapse in the digital asset sector right now, but it certainly won't last forever. Therefore, if an investor expects to hold an open position long enough, he or she should not try to wait for a possible price bottom until the last minute.

Investor Bill Miller

According to CryptoPotato sources, Miller has devoted several decades of his career to the investment firm Legg Mason. He was well known for posting higher-than-average stock market returns for fifteen consecutive years from 1991 to 2005. He was also well known for personally buying Amazon stock during the company’s IPO in 1997.

Bitcoin daily rate chart

His success with Amazon has clearly defined Miller’s strategy for decades to come: as recently as last year, he claimed that he had allocated half of his portfolio to the company’s shares. The billionaire has invested the remaining 50 per cent of his capital in Bitcoin.

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Meanwhile, the CEO of cryptocurrency exchange Coinbase Brian Armstrong is set to sell his 2 per cent stake in the company in the next few months. He announced this on his Twitter.

I wish to accelerate the development of science and technology to help solve some of the world’s biggest problems. To that end, I plan to sell about 2 percent of my shares in Coinbase over the next year to fund scientific research and companies like NewLimit and ResearchHub.

According to the official social media accounts of the aforementioned companies, they are engaged in research into life extension through “epigenetic reprogramming”. Apart from Armstrong, there are several other prominent investors signed up for updates to NewLimit and ResearchHub. Among them you can find SkyBridge Capital fund head Anthony Scaramucci and Tron founder Justin Sun.

The decision to sell shares is only due to Armstrong’s ambitions in the research field – he has no plans to give up his position at Coinbase or somehow reduce his activity in the cryptosphere. What’s more, he intends to be CEO “for a very long time”. Armstrong also reiterated his belief in the crypto industry with the following remark

For the avoidance of doubt, I intend to remain CEO of Coinbase for a very long time, and I remain very optimistic about cryptocurrencies and Coinbase. I am fully committed to growing our business and advancing our mission, but I am also happy to contribute in other areas.

Coinbase’s share price has fallen from $250 to $63.59 since the beginning of this year. That said, Armstrong’s announcement did not cause a major drawdown in the price.

Coinbase share price

Overall, the news had little to no impact on the crypto industry on a large scale. That said, Coinbase has recently hit on a partnership with Google – the exchange’s tools are likely to be used in processing cryptopayments for the company’s cloud services.


We believe that Bitcoin's ability to save investors from an economic collapse depends primarily on the stage of the cycle the market is in. Still, after hitting a record $69,000 in November 2021, BTC has collapsed 70 per cent - and that's certainly no escape from the problems in the global economy. However, after periods of slump, Bitcoin, along with other popular cryptocurrencies, have more often than not shown good returns, and this has been happening for about a decade. Accordingly, investors should definitely be aware of what is happening with the cryptocurrency market, but avoid being associated with them during the overheated market phase.