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Seeking Alpha 2021-05-19 20:27:26

Bill Miller continues to bet on Bitcoin

"If I liked something at higher prices, it is a safe bet I will like it even more at lower prices," Bill Miller told CNBC today as bitcoin (BTC-USD) continued its plunge.Coming from the man who continued to dollar-cost-average into Bear Stearns and Fannie Mae all the way to zero in 2008, those words may or may not provide comfort to crypto bulls.Maybe more soothing to bulls are victory laps being taken today by often mistaken, never in doubt Bitcoin skeptics like Nouriel Roubini, Peter Schiff, and Paul Krugman.More from Bill Miller: He notes the bitcoin move may be extreme for the stock market, but it's actually a pretty routine pullback for the popular crypto. Others have also pointed out numerous plunges lower in bitcoin during its mammoth 2017 bull market.Checking the scorecard, bitcoin tumbled to as low as $29K in this morning's panic, but then bounced as high as

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