by Rushali 
The ideology behind bitcoin transcends various barriers including coding, privacy, cryptography, and also financial independence. It is the philosophy that matters behind creating such a revolutionary technology and giving it in an average person’s hand also keeping it accessible by more influential and technologically advanced people. So, you may have the question what is the philosophy behind this new talk of the town technology?
Well, first of all, it would be wrong to classify this technology as new…we are calling this a new technology just because of the delay and resistance it is facing by different entities and people in power.
The philosophy behind establishing this technology is quite simple if put into a single line “it is giving the power back to people instead of relying on others”
“People” is the philosophy behind bitcoins or any other cryptocurrency for that manner.
and why can’t it be called new? because the underlying ideology of the peer-to-peer value transfer existed for years and is certainly not new What is new is the internalizing of this older than ever concept and building a heavily secured form of peer-to-peer value transfer with the use of cryptography for common people. Bitcoin was invented with only a single and simple philosophy behind it “it was just to give us our power back without any governing body above us”
If you step into the shoes of Satoshi Nakamoto, the creator of bitcoin he had no motive of building defi or smart contracts or anything of that manner. He just wrote a code on the philosophy of internet transfer of value. It is the bright minds which took this many steps further and now we can have decentralized anything not only money.
We should always look at this technology of cryptocurrency keeping in mind that it is the successors who took this further and made a huge list of use cases not only money transfer.
Bitcoin is not for just getting rich but also to add value and to work in human welfare. As we are discussing the philosophy so, let’s take a look at one such personality who is not only older than the bitcoins invention but, also has a unique philosophy of investment and can give us some deeper insights on the topic of creating wealth and also giving back to society in his own way.
Let’s talk about Mr. Bill Miller, who is an investor, fund manager, and Philanthropist. Read till the end to gain some experience about investing and also why crypto altruism is important. As per the drill, we will also look at his total respectable net worth.
Introduction
Mr. Bill Miller was born in North Carolina, the USA in 1950. Aged 70 he is an American investor and hedge fund manager also known for his philanthropic approach towards the community.
Miller completed his education in Economics from the Washington and Lee University getting an honors degree and went to join the forces as an intelligence officer but, it was not the job profile he was looking for.
Instead, he is known for his trading and investment career which prominently and consecutively for 15 years has outperformed the broader indices including the S&P 500, and has many books which titled him as “The man who beats the S&P 500”
He started his career as an intelligence officer but soon transitioned to the post of treasurer in J.E. Baker Company, a market leader in construction material manufacturers.
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In 1981, Bill Miller joined the fund management firm Legg Mason capital management working as the Chief investment officer and a security analyst. He invested in companies like Amazon and Valeant Pharma with a broader vision which proved to be right over time leaving the skepticism behind. Miller also made early investments in bitcoin and is still to date buying bitcoins.
When asked about the occasional dips he says he is not too fazed about the dips and says it’s all the part of the game and is buying more bitcoins.
We are here to talk about the investment philosophy in which Miller believes, in simple terms, he is considered more of a value investor and finds value in anything which is trading at a lesser price than its intrinsic value. So, according to him, any stock can be a value stock. He famously quotes “sometimes growth is cheap and values expensive” by that he means if a stock is cheap that doesn’t mean it is always a bargain and sometimes if it looks expensive that necessarily doesn’t mean it is expensive.
According to a hypothesis, It is quite difficult and is next to impossible to create market-beating returns for consecutive 15 years but, Millers Legg Mason Capital Management Value Trust has managed to do so.
Also, in one of his philanthropic approaches, he donated the highest ever to the philosophy department of John Hopkins University a whopping 75 million US dollars.
Bill Miller Net Worth
The assumed net worth of the capital investor is more than 500 million US dollars and is still on a rise with active bitcoin investments. Miller is bullish about cryptocurrency space as a whole and also terms bitcoin as digital gold also once said Bitcoin gets less risky the higher it goes.
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