Bill Miller's hedge fund is 30% Bitcoin

Bill Miller's hedge fund now has about 30% of its assets in Bitcoin comparing to 5% last year
31 October 2017   1013

A hedge fund run by Bill Miller now has about 30% of its assets in Bitcoin, comparing to 5% last year, according to the wsj.com interview with the legendary investor.

Thus, as the interview details, the fund (MVP 1) bought its Bitcoin for an average $350 each. With Bitcoin trading around $6,100 Monday, that means the fund's digital currency investments have soared more than 1,600%.

As Miller claims, he isn't buying more Bitcoin for the fund at current prices, but he would be willing to "put 1% of my liquid net worth in it here" if he didn't already own Bitcoin in his personal account.

Bitcoin charts on coinmarketcap.com
Bitcoin charts on coinmarketcap.com

Meanwhile, Bitcoin is at the best of times with its price over around $6,150 and a marker cap of $102,438,163,350.

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   7

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 
 

Eddie Hughes

MP

Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.