Bill Miller the billionaire founder and chief investment officer of investment firm Miller Value Partners, has said he considers Bitcoin (BTC) an “insurance policy against financial catastrophe.” Appearing on an episode of the “Richer, Wiser, Happier” podcast on May 24, Miller backed the cryptocurrency as a means for those caught in conflict to still access financial products. He used the collapse of financial infrastructure in Afghanistan after the United States withdrawal in August 2021 as an example. “When the U.S. pulled out of Afghanistan, Western Union stopped sending remittances there or taking them from Afghanistan, but if you had Bitcoin, …

Outspoken crypto critic and Berkshire Hathaway CEO Warren Buffett has again derided bitcoin (BTC) for its purported lack of real use value, likening the coin to a seashell that “just sits there.” Buffett used this latest cryptocurrency metaphor during a press meeting ahead of the Berkshire Hathaway annual shareholders’ meeting in Omaha, Nebraska, CNBC reported on May 4. The CEO — who also serves as chairman of the ~$248 billion revenue multinational holding conglomerate Berkshire Hathaway — is well-known for his scathing stance toward cryptocurrencies, memorably characterizing bitcoin as "probably rat poison squared" during last year’s shareholders’ meeting. In his …