Preview Mode Links will not work in preview mode

CLICK TO GO BACK TO IQWEALTH.COM

  1. All Episodes
  2. Mastering Money 11/2/17

Mastering Money 11/2/17

Nov 2, 2017

Hedge funds are now buying Bitcoin, including former Legg Mason fund manager Bill Miller. Miller managed a fund at Legg Mason that beat the S&P 500 for 15 straight years through 2005.
 
 His MVP1 fund is up 72.5 percent this year as of October 30th. MVP1 bought bitcoin at an average price of $350 each.  Bitcoin traded around $6,100 in recent days,  meaning the fund's digital currency investments have soared more than 1,600 percent in a year.  How high can Bitcoin fly? We'll see what he told the Wall Street Journal, and how computer hackers are making money mining Bitcoin on their victims computers.