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

IBM has announced a major milestone in quantum computing, claiming it has achieved "trusted quantum advantage" with a 70-logical-qubit system. This breakthrough brings the world closer to the day when quantum computers could potentially break Bitcoin's encryption, though experts say that day is still years away.

## What IBM Achieved

IBM's experiment, conducted with researchers at the University of Chicago, completed a computation in about **15 minutes** that would take classical supercomputers an impractical amount of time. The key innovation is a new error-correction technique that allowed the system to run **2,415 logical two-qubit operations** and **468 logical T gates** while reducing error rates to about one-tenth of the physical error rate.

## Why It Matters for Bitcoin

Bitcoin relies on **elliptic curve cryptography (ECC)** for its digital signatures. To break this encryption, a quantum computer would need **thousands of logical qubits** operating fault-tolerantly. IBM's current system uses only 70 logical qubits, so the immediate threat to Bitcoin remains low. However, each incremental advance like this one brings the industry closer to **"Q-Day"** — the day when quantum computers can break current cryptographic standards.

## IBM's Quantum Roadmap

IBM has laid out a clear path toward a large-scale fault-tolerant quantum computer by **2029**. The company has already demonstrated a **120-qubit GHZ "cat state"**, introduced the **Nighthawk processor**, and expanded public access to quantum hardware. This latest milestone is part of a series of steps aimed at scaling up to 200 logical qubits and 100 million quantum operations.

## The Verification Challenge

One of the biggest criticisms of previous quantum advantage claims was the lack of **verification**. IBM's new structured approach allows errors to be detected during computation while preserving the mathematical difficulty of the problem, providing statistical evidence that the result is accurate. This is a crucial step toward building **trust in quantum computers** as they scale.

## What's Next

While this experiment doesn't change Bitcoin's near-term security outlook, it underscores the importance of **post-quantum cryptography** research. The blockchain industry is already exploring solutions like **ZKPoSP (Zero-Knowledge Proofs for Hierarchical Deterministic Wallets)** to protect against future quantum attacks without changing existing wallet addresses.

For now, Bitcoin holders can breathe easy — but the clock is ticking.

The advance reflects IBM’s continued progress toward machines powerful enough to challenge today's cryptography.

IBM's Quantum Leap Brings Bitcoin's 'Q-Day' One Step Closer

Bitcoin has edged back above **$65,000**, gaining 0.8% in the last 24 hours, as a massive rally in tech stocks—led by **Microsoft**—lifts overall market sentiment.

**Microsoft (MSFT)** surged **15%** in premarket trading after reporting better-than-expected earnings, driven by its cloud unit growing at the fastest pace in four years. With a market cap over $3 trillion, this is Microsoft's largest single-day gain since the Covid rally of 2020.

The Nasdaq 100 futures jumped **1.5%**, and the broader Nasdaq is up over **2%**, despite **Meta** tumbling **9%** on an earnings miss.

**AI infrastructure stocks** are reversing recent losses: **Micron, Sandisk, Applied Materials, AMD, and Intel** are all up by double-digit percentages.

While crypto remains mostly overlooked by speculative capital, it is seeing a modest benefit. Bitcoin is now back at **$65,000**, up 0.8% over the past day.

*This article was originally published on CoinDesk.*

Nasdaq 100 futures are higher by 1.5%, with Microsoft up 8% in premarket after its cloud unit grew at the fastest pace in four years while it held the line on spending.

Bitcoin Back at $65K as Microsoft's AI Boom Lifts Nasdaq

A EuroMillions ticket worth **£177,547.30** (roughly €200,000) bought in Watford, just north-west of London, for the **January 16, 2026, draw** was never claimed before the UK’s **180-day cutoff** at midnight on July 15. With no valid claim filed, the still-unknown winner has permanently missed out, and the prize will now be routed into **National Lottery-funded Good Causes projects**.

## Key Takeaways
- **Allwyn confirmed** a £177,547.30 EuroMillions prize expired after the July 15, 2026 deadline.
- **National Lottery Good Causes** gains £177,547.30, adding to roughly **£33M raised weekly**.
- **EuroMillions rules** stay firm after 180 days, with unclaimed prizes redirected to community projects.

Somebody who bought a EuroMillions ticket in Watford is now walking around without **£177,547.30** they could have collected. The ticket matched **five main numbers plus one Lucky Star** in the 1/16/2026 draw, but the UK’s **180-day claim window** closed at midnight on 7/15/2026 with no valid claim. That means the prize is gone for good, and the money will be redirected into National Lottery-funded “Good Causes” projects. “Despite widespread coverage urging people to check their tickets, the EuroMillions ticket-holder failed to claim their prize before the deadline and has unfortunately missed out on this life-changing win,” Allwyn senior winners’ advisor **Andy Carter** said.

## A forgotten fortune: the ticket that never surfaced
If you spend your days around apps and alerts, it is hard to accept how analog a big loss can still be. A single EuroMillions ticket bought in Watford quietly expired after sitting unclaimed for nearly 6 months. The prize was worth **£177,547.30**, a real, bankable sum that now belongs to someone who will never be able to collect it.

The winning play came from the draw on **January 16, 2026**. The ticket matched **5 main numbers plus 1 Lucky Star**, narrowly missing the full combination needed for the jackpot, but still landing in the kind of payout category most of us would remember for life.

## The deadline was real, and the clock ran out
UK rules give EuroMillions winners a **180-day window** to claim. For this draw, the cutoff hit at midnight on **July 15, 2026**, and that was that. The winner never came forward, meaning the money is now permanently lost to the ticket-holder.

In the final week, Andy Carter went public with a last appeal: “Time is now running out for this mystery winner.” He added, “Our priority is making sure this prize reaches its rightful owner before the deadline passes and this incredible opportunity is lost forever.” The plea did not change the outcome.

## What the winning numbers tell you about verification
The exact combination is known: **5, 17, 24, 29, 50**, with **Lucky Stars 5 and 10**. That detail matters because it underlines the system’s core constraint: validation is binary. Either a legitimate ticket is presented, or nothing moves, even when the numbers are sitting in plain sight.

It is a reminder, too, that “lost” can be literal. No identity has been released for the ticket-holder, and nobody has explained why they did not check—whether it was a paper slip in a wallet or a forgotten purchase.

## Where the money goes next
Because no claim was filed, the **£177,547.30** will now be donated to National Lottery-funded community “Good Causes” projects, adding to roughly **£33 million raised each week** for those efforts. Carter has said the National Lottery has raised over **£53 billion** for good causes since launch, with examples in and around Watford that include Cassiobury Park, Electric Umbrella and Random Cafe.

The same January 16 draw had its own odd contrast: it created **10 UK Millionaire Maker winners** at £1 million apiece, while the £66 million jackpot rolled over because nobody matched all 7 numbers.

A £177,547 EuroMillions ticket expired unclaimed after 180 days, sending the prize to National Lottery Good Causes projects.

£177,000 Lottery Prize Expires Unclaimed: A Painful Reminder of What You Could Lose

The Federal Reserve held interest rates steady at 3.5%–3.75% on Wednesday, meeting market expectations but leaving crypto markets to digest a muted response. **Bitcoin dipped around 1% to $63,890**, while **Ethereum fell by about 1% to just above $1,900**.

It's the fifth consecutive hold since the last cut in December 2025. Chair Kevin Warsh has pledged to share less "forward guidance," meaning fewer signals about future moves. Wednesday's decision came without a Summary of Economic Projections—the next dot plot is scheduled for September.

The committee noted the economy is "expanding at a solid pace," but **inflation remains above its 2% target**, partly due to rising energy prices from Middle East tensions. Oil has been trading above $100 a barrel, keeping price pressure alive. A September hike is no longer off the table.

**Three regional Fed presidents voted for an immediate 25-basis-point hike**—the most hawkish bloc of dissents under Warsh. Additionally, geopolitical shocks weighed on markets: oil climbed nearly $4 to $83 after joint U.S.-Saudi retaliatory strikes on Iranian-backed forces in Iraq killed at least 20 people.

The next FOMC decision is September 16, 2026, with updated projections and a new dot plot.

Chair Kevin Warsh kept the federal funds rate at 3.5%–3.75% and offered no new signals on when cuts—or hikes—might come.

Fed Holds Rates Steady: Bitcoin and Ethereum Dip as Hawkish Dissent and Geopolitical Tensions Mount

SpaceX's recent IPO was a landmark event, making Elon Musk the world's first trillionaire. But for crypto veterans, it was significant for another reason: it intensified the battle between **Solana** and **Hyperliquid** over **perpetual futures (perps)** and tokenized stock volume.

## The Trojan Horse of Traditional Finance

**Perps are a trojan horse to bring all of traditional finance onchain**, argues Brian Smith, president of the Jito Foundation. The current landscape is staggeringly profitable, but the real prize is the gateway that brings the rest of the financial system—and its trillions—onchain.

## Onchain Derivatives During Crisis

The most bullish trend of 2026 has been traders turning to **onchain derivatives platforms** during the Iran conflict. These platforms became the venue where gold and crude oil were repriced in real time while CME was closed. This marks the beginning of **Internet Capital Markets**.

## Price Discovery on Solana

Onchain platforms have become the site of early trading for **Nasdaq-listed equities** like Cerebras Systems and SpaceX. Volume and participation were deep enough that these venues contributed to **price discovery**. Cerebras stock opened within 3% of its perps-implied price, and SpaceX's perps-implied price of $171 nearly perfectly matched its IPO price.

## The Battle for Liquidity

**Liquidity begets liquidity**. Traders go where other traders are. Every week without a competitive Solana-native perps experience strengthens Hyperliquid's gravitational pull. Solana has the speed and throughput to support these markets—it handles more daily transactions than all other blockchains combined—but it lacks focus.

## Tokenized Stocks and Commodities

Solana scored a win with the launch of **tokenized SpaceX stock trading**, surpassing $100 million in 24-hour spot volume. But it must also win the perps volume battle. Tokenized commodities like crude oil, gold, and pre-IPO equities are trillion-dollar markets with existing participants searching for better venues. **24/7 access** is a structural improvement over legacy markets.

## The Future of Finance

Where these markets form will determine where liquidity and price discovery concentrate for the next decade. Solana cannot afford to lose this battle.

Perps are a trojan horse to bring all of traditional finance onchain, argues Brian Smith, president of the Jito Foundation. 

Why Solana Must Win the Perps Battle to Dominate Crypto's Future

The crypto industry learned an expensive lesson this week when a Korean chip manufacturer’s shares suddenly dropped.

At the start of trading in Seoul on Tuesday, **SK Hynix Inc.** shares slumped **30%** below their closing price the night before. The cause? A single share changing hands in the pre-market session at what appears to have been a rogue price. While subsequent trades were significantly higher, they came too late for a set of traders operating in an alternative world outside of public markets.

This incident highlights the **fragility of leveraged crypto positions** tied to traditional market events. The sudden drop triggered liquidations in crypto derivatives markets, resulting in **$60 million in losses** for traders who had bet on the stock's performance via synthetic assets or futures.

The crypto industry learned an expensive lesson this week when a Korean chip manufacturer’s shares suddenly dropped.

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.

Comments

Join Our Community

BitcoinToday.app

Other Latest News

IBM's Quantum Leap Brings Bitcoin's 'Q-Day' One Step Closer

Bitcoin Back at $65K as Microsoft's AI Boom Lifts Nasdaq

£177,000 Lottery Prize Expires Unclaimed: A Painful Reminder of What You Could Lose

Fed Holds Rates Steady: Bitcoin and Ethereum Dip as Hawkish Dissent and Geopolitical Tensions Mount

Why Solana Must Win the Perps Battle to Dominate Crypto's Future

A Single SK Hynix Trade Wiped Out $60 Million in Crypto Bets – Here's What Happened

Other Latest News

IBM's Quantum Leap Brings Bitcoin's 'Q-Day' One Step Closer

Bitcoin Back at $65K as Microsoft's AI Boom Lifts Nasdaq

£177,000 Lottery Prize Expires Unclaimed: A Painful Reminder of What You Could Lose

Fed Holds Rates Steady: Bitcoin and Ethereum Dip as Hawkish Dissent and Geopolitical Tensions Mount

Why Solana Must Win the Perps Battle to Dominate Crypto's Future

A Single SK Hynix Trade Wiped Out $60 Million in Crypto Bets – Here's What Happened