Bill Miller, the founder of a multi-billion dollar organization, advises nations to use BTC as insurance against financial catastrophes. Do you think nations should accept BTC despite its volatile nature?
Since De-Fi has already made its place in a range of sectors, Bill Miller has advised using it to lock in the insurance liquidity and minimize risk during the financial crisis at incidents.
Bill Muller showed the benefits of BTC and De-Fi over traditional systems by giving examples and replying to Warren Buffett's sceptical comments.
Muller believes that with BTC, nations or bodies can accept or lock insurance funds and use them during a crisis without any obstacles.
Billionaire strengthened his comments by giving an imaginary scenario of Afghanistan's condition after the US pulled out.
Despite his comments, BTC can impose a risk. Since it fluctuates, the holding's value will also fluctuate. Hence, during a crisis, markets will crash as usual. As a result, the real value of holdings will be lowed when needed most.
Yet again, Bill said, BTC worked better than the FED during the pandemic when numerous nations were going through a crisis and kept their heads up.
After BTC, numerous other tokens were discovered with different utilities. Even developments are there till today.
Presently, Litecoin and TokLok tokens are some examples of tokens with exceptional utility. With Litecoin, one can carry out transactions while concealing data. And, holders can communicate via messaging with their paid TokLok app for free; the app erases all data for itself and promotes user privacy.
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source https://www.reddit.com/r/btc/comments/uzuumx/bill_miller_the_founder_of_a_multibillion_dollar/
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