While Others Warn of Market Bubble, Bitcoin Bull Bill Miller Doesn't Think So

<p><span style="font-weight: 400;">On this episode of “The Breakdown,” NLW analyzes value investor turned bitcoin bull Bill Miller’s contrarian take on a possible upcoming market bubble. Miller’s background lies in traditional markets, with a massive portion of his portfolio grounded in strategically held Amazon shares. That, in addition to his relatively early bitcoin investments, provides him with an insider perspective from an external base understanding of markets. While other top investors predict an “epic” market crash, Miller remains unconcerned. </span></p> <p><span style="font-weight: 400;">Today on the brief, NLW covers the most recent crypto market news, including:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">New CPI releases fanning the inflation debate fire</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Crypto volatility spillover risks to traditional markets</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Square’s forthcoming hardware wallet</span></li> </ul> <p><span style="font-weight: 400;">Newly released Consumer Price Index (CPI) numbers fuel an ongoing, contentious debate around inflation. While the Federal Reserve sticks to its “transitory” assessment, others are not so sure. How will the numbers change as base effects no longer become a valid explanation?</span></p> <p><span style="font-weight: 400;">As institutional investors fill the crypto space, a “spillover” system risk concern becomes increasingly relevant. Is spillover just another piece of FUD, or is it an inevitable reality as traditional and crypto markets become more entwined?</span></p> <p><span style="font-weight: 400;">Square’s teasing of a hardware wallet project is materializing. CEO Jack Dorsey tweeted no less than 12 guiding principles for the project, and the project lead more recently announced the company’s dedication to make “bitcoin custody more mainstream.” Although no exact timeline fo