Billionaire investor Bill Miller remains bullish on **Bitcoin**, despite its recent surge against global currencies. Miller believes Bitcoin is still **significantly undervalued** due to its transformative potential and inherent advantages over traditional monetary systems. He highlights the flaws in current monetary systems, susceptible to human error and influence, leading to currency debasement. Bitcoin's decentralized nature, automated ledger network, and secure property transfer system set it apart as a superior monetary governance system. Miller draws parallels to revolutionary technologies like **NVIDIA** and **Google**, emphasizing that Bitcoin represents a similar epistemic breakthrough. He anticipates Bitcoin's market capitalization to multiply in the future, as it offers a superior monetary system in a world of rapidly growing global capital.

Billionaire investor Bill Miller thinks Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remains &#8220;significantly undervalued&#8221; despite its recent <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39272200/bitcoins-direction-ahead-of-huge-fomc-meeting-and-key-cpi-data-up-down-or-sideways">performance against fiat currencies</a>.
What Happened: Miller&#8217;s <a href="https://millervalue.com/why-im-still-betting-on-bitcoin/">insights</a> come from his latest publication, where he revisits his long-standing belief in the transformative potential of Bitcoin.
He first expressed his optimism about Bitcoin in a 2015 piece titled "A Value Investor&#039;s Case for…Bitcoin?!" and continues to see immense untapped potential in the digital asset.
&#8220;Despite Bitcoin recently hitting new highs against every fiat currency, I believe Bitcoin today is still significantly undervalued,&#8221; he remarked. 
Miller suggests that the world is in the early stages of a profound shift in how capital and its governance are perceived globally.
Highlighting the inherent issues within traditional monetary systems, Miller noted, &#8220;The challenge with current monetary systems is that humans control them, and human judgement is subject to error and influence.&#8221; 
He underscores the point that political and regulatory maneuvers often lead to currency ...<a href=https://www.benzinga.com/markets/cryptocurrency/24/06/39288207/billionaire-bill-miller-thinks-bitcoin-is-still-significantly-undervalued alt=Billionaire Bill Miller Thinks Bitcoin Is Still &#039;Significantly Undervalued&#039;>Full story available on Benzinga.com</a>

Loading...Loading...Billionaire investor Bill Miller thinks Bitcoin BTC/USD remains “significantly undervalued” despite its recent performance against fiat currencies.What Happened: Miller’s insights come from his latest publication, where he revisits his long-standing belief in the transformative potential of Bitcoin.He first expressed his optimism about Bitcoin in a 2015 piece titled "A Value Investor's Case for…Bitcoin?!" and continues to see immense untapped potential in the digital asset.“Despite Bitcoin recently hitting new highs against every fiat currency, I believe Bitcoin today is still significantly undervalued,” he remarked. Miller suggests that the world is in the early stages of a profound shift in how capital and its governance are perceived globally.Highlighting the inherent issues within traditional monetary systems, Miller noted, “The challenge with current monetary systems is that humans control them, and human judgement is subject to error and influence.” He underscores the point that political and regulatory maneuvers often lead to currency debasement, diminishing the value of money over time. According to Miller, Bitcoin offers a compelling alternative, free from the pitfalls of human intervention and manipulation.In his analysis, Miller references Lyn Alden‘s book “Broken Money,” which argues that the most efficient monetary technologies ultimately prevail.Also Read: Bitcoin Climbs Above $67.5K As Spot ETFs See $200M Outflows On TuesdayHe draws parallels between Bitcoin and other revolutionary technologies, such as those developed by NVIDIA, Google, and Meta, which have drastically outperformed other stocks. “Humans are notoriously bad at contextualizing the relevance and potential of new technologies,” Miller said, emphasizing that Bitcoin represents a similar epistemic breakthrough.“Bitcoin is a true technological breakthrough,” Miller stated, “as there now exists an effectively unalterable, automated and transparent global ledger network with decentralized governance.” He believes that this decentralized nature of Bitcoin enables a secure and accountable system for transferring property rights, independent of human intervention or the possibility of confiscation.Discussing Bitcoin’s intrinsic value, Miller expressed, “My view is that it's many multiples of its current $1.5 trillion market capitalization in a world of fiat governance systems fast approaching one quadrillion dollars of capital.” He argues that Bitcoin, despite its relatively small share of the global capital market, offers a superior monetary governance system compared to traditional fiat currencies.Miller concludes his analysis with a cautionary note: “Continuing to ignore Bitcoin will serve those who do it over the next decade as well as it has over the past one – not well.” What’s Next: As the world adapts to new financial paradigms, Miller’s endorsement of Bitcoin underscores the ongoing debate about the role of digital assets in the global economy.For more insights into the future of digital assets, industry stakeholders are encouraged to attend Benzinga’s Future of Digital Assets event on Nov. 19, where these topics will be explored in depth by experts and thought leaders.Read Next: Dogecoin, Shiba Inu Continue To Drive High Trading Volume, Report FindsImage created using artificial intelligence with Midjourney.Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Billionaire Bill Miller Thinks Bitcoin Is Still 'Significantly Undervalued'

Billionaire Bill Miller Affirms Bitcoin's Undervalued Status Amidst Market Performance

### Bitcoin Faces Uncertainty Amidst Trump's Fed Chair Controversy

Bitcoin and other cryptocurrencies are currently **treading water** after the trade war instigated by U.S. President **Donald Trump** has spurred significant market chaos. This turmoil raises concerns of a potential **U.S. dollar confidence crisis**.

![Jerome Powell and Donald Trump](https://specials-images.forbesimg.com/imageserve/626e4deb9cb7a8fb2aab7720/Jerome-Powell--Federal-Reserve--Donald-Trump--White-House--bitcoin--bitcoin-price-/960x0.jpg?cropX1=596&cropX2=1711&cropY1=192&cropY2=988)

The **bitcoin price** has sharply declined from its January peak of nearly **$110,000**, aligning with the stock market's downturn as the crypto market approaches a critical **$19 trillion tipping point**. As concerns mount, billionaire **Ray Dalio** has warned that the U.S. may be heading towards a financial crisis worse than that of **2008**.

Recent confirmations from the White House indicate that Trump is contemplating whether he can **fire Federal Reserve Chair Jerome Powell**, a move that could potentially trigger an **apocalyptic scenario** for the markets. Economic adviser **Kevin Hassett** stated that the president and his team are examining this possibility, raising alarm bells among investors.

Trump has expressed urgency in his social media posts, stating that “**Powell’s termination cannot come fast enough**,” particularly after Powell signaled intentions to maintain current interest rates amid the uncertainties stemming from Trump's trade policies. Senator **Elizabeth Warren** has echoed concerns, suggesting that Trump’s actions could leave many in a precarious position.

Investment research CEO **Bilal Hafeez** has characterized the potential firing of Powell as a **massive shock** to the market, equating it to an apocalyptic scenario. The ongoing trade tariffs have disrupted the established trade order, causing market instability and driving investors away from **risk assets** like bitcoin.

Despite the current turmoil, bitcoin's price has not followed gold's upward trend, which has soared to **record highs** as investors seek refuge in traditional safe havens. Some analysts speculate that bitcoin may eventually evolve to be regarded as **“digital gold.”**

In the face of these challenges, Powell has maintained a cautious stance, suggesting that the tariffs could lead to increased inflation. Investors remain uncertain about the future, as any intervention—be it rate cuts, quantitative easing, or a shift in Trump’s policies—seems inevitable. **Only time will tell** how these developments will shape the crypto landscape.

The White House has confirmed Trump is exploring whether he can fire Federal Reserve chair Jerome Powell—something that could trigger an “apocalyptic scenario" for markets...

Could Trump's Threat to Fire the Fed Chair Trigger an 'Apocalyptic' Bitcoin Price Collapse?

### CBDCs and Stablecoins: Trojan Horses to Inoculate the Masses?

**“Bitcoin and Christianity is inevitable. Same values, same principles, same enemies.”** - X user “Michael” (@cryptotraveler), Sept 24, 2021.

In addition to my role at the Roswell Daily Record, I have been involved with notable figures in the bitcoin industry. A particularly proud moment for me was my work with the **Bitcoin Policy Institute** on their influential document titled “Why The U.S. Should Reject Central Bank Digital Currencies,” which has made waves in the banking sector and among U.S. legislators.

Their arguments resonated strongly, culminating in **President Donald Trump's** promise during a January 2024 campaign speech to protect Americans from government tyranny by opposing the creation of a **Central Bank Digital Currency (CBDC)**. During a follow-up in January 2025, Trump reiterated this stance alongside other Republican leaders who have voiced their opposition to CBDCs.

As bitcoin advocates, we see ourselves as the last line of defense against an overreaching financial system controlled by central banks and unelected officials. **Bitcoin** represents freedom from this control, and many of us dedicate our time and resources to ensure its victory over these forces.

In previous writings, I discussed **Trump's shift towards bitcoin** and the contrasting stance of **Democratic leaders** who have enforced strict regulations that stifle the growth of the bitcoin industry. Their allegiance to legacy banking interests undermines the potential benefits of bitcoin, which operates independently of traditional financial systems.

**CBDCs** have recently been rebranded as commercial bank dollar-pegged **stablecoins**, which promise stability but pose significant risks. Past incidents, like PayPal's controversial policy proposal, highlight the potential dangers of centralized control over digital currencies.

Despite being perceived as a partisan issue in the U.S., **bitcoin** transcends political affiliations. It is an **apolitical** and **amoral financial instrument**, offering unparalleled access to financial services. Even a child in a remote area can utilize bitcoin without the need for identification, unlike traditional banking systems.

Globally, bitcoin is often used as a **daily currency** rather than merely an investment vehicle, enabling transactions without the burdens of identification. It represents a **bearer instrument**, meaning ownership is determined by possession. The ability to send and receive bitcoin without the need for intermediaries is revolutionary.

Bitcoin can be transmitted through various means, even without internet access, showcasing its resilience and adaptability. **Bitcoin's uncensorable nature** means that it does not discriminate based on political or religious beliefs, making it a truly inclusive financial tool.

Join me next week for **Bitcoin vs Mark of the Beast, Part 2**.

———  
*Guy Malone holds three certifications in digital currencies and has written and edited for publications including Bitcoin Magazine and Bitcoin News. Reader questions about bitcoin are welcomed for response in a future column. Contact Malone via copyedit@rdrnews.com and/or @RichNFrenz on X. The views expressed in this column are those of the author.*

CBDCs and stablecoins: Trojan horses to inoculate the masses?

Is Bitcoin the Answer to Government Control? Unveiling the Truth Behind CBDCs and Stablecoins

If **Donald Trump’s** sweeping global tariffs send household good prices soaring and drive the economy into recession, at least one industry could profit.

The Trump administration is considering using **tariff revenues** to buy **Bitcoin** for a **“Strategic Bitcoin Reserve,”** a top administration crypto official said in an interview last week. This proposal is driving interest from crypto industry figures who have made building the reserve one of their top priorities.

However, it is uniting critics on both sides of the political spectrum, who have labeled the reserve as a **pointless industry giveaway** that will burden ordinary taxpayers. Critics argue that using tariff money would only exacerbate the situation.

**“There is nothing here but a conjunction of bad ideas,”** said George Selgin, an economist and professor emeritus at the University of Georgia. **“The tariffs are a bad idea, the Bitcoin Strategic Reserve is a bad idea, and using the tariff revenue for the Bitcoin Strategic Reserve is a bad idea.”**

### Reaping Revenue?
Ever since Trump proposed across-the-board tariffs on the campaign trail last year, he has touted the idea as a way to build domestic industry and raise revenue. Trump has suggested that tariff revenue could replace the nearly **$5 trillion** the government collects in income tax revenue per year, while a top trade official estimated they could raise **$6 to $7 trillion** over a decade.

Both projections are considered unrealistic by economists across the board. The nonpartisan **Tax Policy Center** stated that the massive tariffs could raise about **$3.3 trillion** over that period, assuming they don’t trigger an economic downturn.

The relatively meager scale of the tariffs’ revenues has not deterred the Trump administration from proposing various spending ideas, including **tax cuts for the rich** and **deficit reduction**. Recently, Bo Hines, the executive director of the Presidential Council of Advisers on Digital Assets, proposed using tariff revenue to buy bitcoin in an interview with investor and crypto influencer **Anthony Pompliano**. **“We are looking at many creative ways,”** Hines said, **“Everything is on the table.”**

### Why Bitcoin?
When Trump announced his intention to create a “strategic reserve” of bitcoin at a **crypto conference** last July, it solidified his status as the industry’s favored presidential candidate. Supporters view bitcoin as a modern-day gold with vast growth potential, arguing that storing it could protect against **inflation** and depreciation of the U.S. dollar.

However, Trump’s initial creation of the reserve disappointed some bitcoin advocates, as it was stocked only with tokens previously seized by the government. Still, Trump promised to find **“budget-neutral”** ways to increase bitcoin purchases. Critics, however, argue that tariffs, which essentially act as a tax on consumers purchasing imported goods, are not budget-neutral and disproportionately affect low-income households, costing them an average of **$3,800 per year**.

Regardless of funding methods, critics maintain that it is inappropriate for the government to invest in an asset like bitcoin, which has no inherent use and is subject to wild price fluctuations. If the government does end up buying bitcoin, selling any substantial portion could potentially depress the digital asset’s price.

**“You have a lot of people in the bitcoin community who would like to see the government do more, as it would benefit them,”** Selgin stated. **“These people are trying to rationalize something that is just a subsidy for them, without benefits for others.”**

Critics on the right and left say the bitcoin reserve is a pointless industry handout — and using tariff revenue is even dumber.

Trump's Bold Plan: Using Tariffs to Build a Bitcoin Reserve Sparks Controversy

### In Brief
- **Idle Mine** is a mobile game that lets you earn **real Bitcoin** rewards.
- The game comes from **Fumb Games**, the creator of **Bitcoin Miner**, and is available on **iOS** and **Android**.
- Earned BTC can be withdrawn to a **ZBD wallet** and spent as you choose.

After the success of **Bitcoin Miner**, Fumb Games has introduced a new twist with **Idle Mine**. This engaging mobile game allows players to earn **real Bitcoin** while managing a gem mining operation. Available on both **iOS** and **Android**, Idle Mine is similar to its predecessor, requiring minimal interaction as players upgrade their operations by simply tapping buttons.

### What is Idle Mine?
**Idle Mine** is an idle game that debuted in **2024** where players manage a gem mining business. Players spend in-game coins to enhance their mines, hire staff, and better serve customers. The game automatically runs, with miners collecting gems and serving clients, allowing your earnings to accumulate over time.

![Idle Mine](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/04/idle-mine-screens.png@webp)
*Screenshots from Idle Mine. Image: Decrypt*

The game is designed to be **easy to play**, with current missions displayed prominently, making it simple to focus on gradually earning **Bitcoin**. Players earn small amounts of Bitcoin, measured in **satoshis** (1/100,000,000 of a BTC), which can be withdrawn to a **ZBD wallet**.

### How Much Can You Earn?
While playing **Idle Mine**, your earnings will be modest. If you play regularly, you might accumulate a couple of hundred satoshis daily, but at the current price of **$85,000** per Bitcoin, that amounts to roughly **17 cents**. After hours of gameplay, players can stack around **4,000 satoshis**, translating to just a few dollars.

Although optional in-game purchases exist to enhance earnings and speed up upgrades, players should not expect to get rich from **Idle Mine** or any other play-to-earn Bitcoin game. Users should also be aware of local restrictions on withdrawing funds into a **ZBD wallet**.

Currently, players can withdraw up to **330 satoshis** per day, approximately **$0.28** worth, which varies with Bitcoin’s price.

Mobile game Idle Mine lets you earn real Bitcoin for mining fake gems on iOS and Android. Here’s how it works.

Unlock Real Bitcoin Rewards with the Exciting New Game 'Idle Mine'!

### Overview of Cryptocurrency Scams in Lincoln
Data from the **Lincoln Police Department** and the **Lancaster County Sheriff’s Office** reveals that since 2020, locals have fallen victim to cryptocurrency scams totaling millions of dollars, with many never recovering their lost funds.

### Alarming Statistics
Since 2020, the **Lancaster Sheriff's Office (LSO)** has investigated **18 cases** of cryptocurrency scams, with losses soaring to **$156,000** in a single incident. **Chief Deputy Ben Houchin** expressed concern over the emotional toll on victims, stating, "It’s very sad... their reaction is as you can imagine is devastation."

### Significant Financial Impact
The **Lincoln Police Department (LPD)** reported that multiple victims have lost over **$1 million** in the past five years, with the highest individual loss reaching approximately **$1.5 million**. **Sgt. Steve Wiese** noted the scammers are skilled in **social engineering**, often manipulating victims into revealing personal information.

### Evolving Scamming Techniques
Despite consistent annual fraud reports averaging **2,364 calls**, the methods employed by scammers are continuously evolving. Techniques range from **romance scams** to deceptive social media outreach, such as claims of prior acquaintance.

### Preventive Measures by Local Banks
Local banks, including **Liberty First Credit Union**, are training tellers to identify potential scams by monitoring customer behavior and transaction requests. **Angie Schreiner** emphasized the importance of recognizing red flags during transactions.

### Reporting and Resources
If you find yourself a victim of a cryptocurrency scam, although recovery of funds is rare, reporting the incident is crucial for preventing future scams. Here are some resources:
- **[Protect the Good Life Fraud Report](https://protectthegoodlife.nebraska.gov/imposter-scams)**
- **[Lincoln Police Department Online Reporting](https://www.lincoln.ne.gov/City/Departments/Police/Online-Reporting)**
- **[Lincoln-Lancaster County Crimestoppers Tip Submission](https://www.p3tips.com/tipform.aspx?ID=596)**
- **[Internet Crime Complaint Center (IC3)](https://www.ic3.gov/)**

Data from the Lincoln Police Department and the Lancaster County Sheriff’s Office shows that since 2020, people in the area have been scammed out of millions, and many will likely never see that money again.

Billionaire Bill Miller Affirms Bitcoin's Undervalued Status Amidst Market Performance

Summary:

Billionaire Bill Miller believes Bitcoin is still significantly undervalued.

Miller highlights the limitations of traditional monetary systems, controlled by humans and prone to error and influence.

Bitcoin's decentralized nature, automated ledger network, and secure property transfer system offer advantages over fiat currencies.

Miller compares Bitcoin to revolutionary technologies like NVIDIA and Google, emphasizing its potential for exponential growth.

He anticipates Bitcoin's market capitalization to multiply in the future, as it gains wider acceptance in a rapidly growing global capital market.

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