A renowned financial guru compared Bitcoin to an insurance policy

Renowned guru Bill Miller compared the Bitcoin with insurance policies and assured that this year institutional adoption will grow. The founder of Miller Value Partners, recently spoke regarding the value of Bitcoin (BTC), and surprised with a particular analogy. The businessman acknowledged that the cryptocurrency does not have intrinsic value, but that the value is given by the consideration of investors. In that sense, he compared it to insurance policies and highlighted the asset as a financial safeguard.