The value of hedge fund assets of Bill Miller rose by 46% in the first half of the year due to Bitcoin

In the first half of 2019, the hedge fund MVP 1 of the legendary American investor, William Miller, showed a positive trend. Thus, the value of assets under its management grew by 46%, in particular due to the growth of Bitcoin, reports Bloomberg .

According to the publication, in the portfolio of hedge fund there are shares of Amazon, ADT, Avon Products and Bitcoin. The total value of assets in the fund has grown to $ 126 million, and in general, Miller's Miller Value Partners manages $ 2.3 billion.

Bill miller

It is noteworthy that in 2017 half of the fund’s portfolio was occupied by Bitcoin, however, what is the distribution of shares now is unknown.

Recall that in the second quarter, the value of assets under the management of Grayscale Investments reached a historic record of $ 2.7 billion, while the institutional cryptocurrency lender Genesis processed loans of $ 746 million for the same period.

In the past, it was also reported that Miller invested 1% of his fortune in Bitcoin. In his own words, he acquired BTC during 2014-2015 at an average price of $ 350.

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