Bill Miller IV, portfolio manager at Miller Value Partners anticipation China could be the driving force behind Bitcoin's next rally.

This comes after the Financial Times I mentioned The People's Bank of China will begin lowering interest rates in order to support the country's faltering economy.

This, according to Miller, could be the catalyst that sends Bitcoin's price skyrocketing.

As of now, the industry consensus seems to be that the US is likely to create a strategic reserve of Bitcoin that could be the ultimate catalyst that the bulls need to outperform in 2025. Last month, an anti-Bitcoin Bloomberg article criticized, He argues Bitcoin's critics have been wrong for 15 years.

Back in March, it is anticipation The company that owns the reserve currency, MicroStrategy, could become the largest financial services company in the world, surpassing the likes of JPMorgan.

His father, Bill Miller III, is also a long-time Bitcoin supporter. Legendary hedge fund manager, whose Legg Mason Value Trust beat the S&P 500 for 15 straight years from 1990 to 2005, Bought Bitcoin debuted when the cryptocurrency was trading at just $200 in 2012.

He has remained bullish on the leading cryptocurrency all these years despite the challenges it has faced. In 2021, it is He said That Bitcoin was a much better store of value than gold.

In October, the 74-year-old investing legend told Forbes Australia that the average purchase price of Bitcoin was just $700. He also predicted that the lion's share of advisors will start recommending allocating up to 3% of one's assets to the major cryptocurrency.