Billionaire Bill Miller predicts bitcoin to rise as the situation in Ukraine escalates
The founder of Miller Value Partners stated on CNBC that he sees a “bullish signal” for the crypto
04.03.2022 - 08:35
566
2 min
0
What’s new? Bill Miller, a well-known investor and entrepreneur, gave an interview to CNBC, in which he expressed his position on the further movement of bitcoin’s price. According to Miller, the situation in Ukraine and the fall of the ruble are a “bullish signal” for bitcoin.
"They have almost 50% of their reserves in currencies that are controlled by people who want to do them harm...they have 22% in gold that is the only part of their reserve that other countries can't control," says Bill Miller on Russia. "It's very bullish for #bitcoin." pic.twitter.com/zWihekfeyk— Squawk Box (@SquawkCNBC) March 2, 2022
“Russia has almost 50% of their reserves in currencies that are controlled by people who want to do them harm...Russia has 22% in gold which is the only part of their reserve that other countries can’t control. This situation is a bullish signal for bitcoin,” Miller stressed.
What other statements did the entrepreneur make? Bill Miller believes that new sanctions against Russia can cause bitcoin to skyrocket. The Russian government may start using this asset as a reserve currency, as well as for the purpose of circumventing sanctions and trade with friendly countries.
It should be noted that yesterday was mentioned the US plans to monitor Russia’s attempts to circumvent sanctions with the help of cryptocurrencies.
Useful material?
Telegram 
Twitter Crypto regulations
GENIUS aims to regulate dollar-pegged payment stablecoins
Jun 18, 2025
Crypto regulations
Under the new law, no cryptocurrency reserve can be created at the state level
Jun 11, 2025
Mining
This is the 300th block mined within this pool
Jun 5, 2025
Incidents
The marketplace started operating in 2022 and allowed trading in stolen personal data
Jun 5, 2025
Incidents
Hackers laundered assets using Tornado Cash, Thorchain, and Wasabi mixers
Jun 2, 2025
Market
After June 30, fines and prison sentences will be imposed for violating the rules
Jun 2, 2025
Cryptocurrency rates
-
Bitcoin
$99 577
BTC
-3.73%
-
Ethereum
$2 191.7
ETH
-9.29%
-
Ripple
$1.96
XRP
-6.86%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.1488
DOGE
-7.16%
-
Cardano
$0.530388
ADA
-7.55%
-
Bitcoin Cash
$451.78
BCH
-4.96%
-
Stellar XLM
$0.22284
XLM
-7.6%
-
Litecoin
$78.57
LTC
-4.97%
-
Polkadot
$3.16
DOT
-7.29%