In a recent podcast interview, Bill Miller, the Chairman and Chief Investment Officer of renowned hedge fund firm, Miller Valued Partners, related that the MVP1 fund is 50% committed in Bitcoin, as well as having some Bitcoin cash holdings. Bill Miller bought stakes in Bitcoin back in 2013 and 2014, at an average price believed to be around $350 each.

This holding initially comprised only 5% of the fund, but by October of 2017 was alleged to have grown to a third of the total, and has now advanced even further to comprise half of his investment. The MVP1 fund was valued at $154m in October, with the firm reputedly managing more than $2bn worth of assets.

After several weeks of surging Bitcoin prices, currently reaching towards the $19,000 level after a weekend high which topped $20,000, Miller suggested that major critics of the cryptocurrency were not fully informed. Naming both Warren Buffet, a billionaire investor whom Miller claimed in 2014 was wrong about Bitcoin, and Jamie Dimon, the banking CEO who gained notoriety in 2017 by calling Bitcoin fraudulent, Miller stated that in his opinion, "not one of them had actually studied it carefully."

However, even while disparaging Bitcoin's critics, the hedge fund manager simultaneously suggested that MVP was investigating the possibilities of reducing the quantities of its cryptocurrency holdings without actually having to sell them.