At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $33,251.50.
New Bitcoin prediction
“Open interest went down with the price. This means that longs have been liquidated or that they have closed their positions, which is healthy for the bullish trend.”
He also posted this message:
4. Fear & greed index have dropped to 40 (fear). We haven’t seen these levels since May or September, when price was $9k-$10k. pic.twitter.com/mfvhBGmT1T
Bitcoin has a huge addressable market
During his Q4 2020 letter on income strategy, Miller managed to showcase Bitcoin’s benefits to his readers.
“Bitcoin has been the best performing asset over eight of the past ten calendar years, and its annualized performance has blown away the next-best performer, the Nasdaq, by a factor of ten over the past decade. Not owning any Bitcoin has been a massive mistake, and we expect that will continue to be true,” he said.