Bill Miller of Miller Value Partners predicts Bitcoin will reach new highs in fall 2025.

During a recent segment on CNBC’s “Closing Bell,” the discussion centered around the crypto playbook for 2026 and various factors influencing the market. Bill Miller, a prominent investor and founder of Miller Value Partners, shared his insights on the outlook for bitcoin and how geopolitical events, such as the situation in Venezuela, are impacting the cryptocurrency landscape.

Miller highlighted the importance of having a diversified portfolio when it comes to investing in cryptocurrencies. He emphasized the need to spread out investments across multiple assets within the crypto space to mitigate risk and maximize potential returns. By not putting all eggs in one basket, investors can better position themselves to weather market volatility and capitalize on opportunities that arise.

When discussing the situation in Venezuela, Miller noted how the country’s economic turmoil has led to a significant increase in crypto adoption. With hyperinflation devaluing the local currency, many Venezuelans have turned to bitcoin and other digital assets as a more stable store of value. This trend has contributed to the growing acceptance and mainstream recognition of cryptocurrencies as a legitimate alternative to traditional fiat currencies.

In terms of the outlook for bitcoin, Miller expressed optimism about the digital currency’s long-term potential. He pointed to bitcoin’s scarcity and decentralized nature as key factors that could drive its value higher in the coming years. Despite short-term price fluctuations and regulatory uncertainties, Miller remains bullish on bitcoin as a viable investment option for those looking to diversify their portfolios and hedge against inflation.

The discussion also touched on the role of institutional investors in the crypto market. Miller highlighted the increasing interest from large financial institutions and corporations in cryptocurrencies, citing examples of companies adding bitcoin to their balance sheets and offering crypto-related services to clients. This institutional involvement is seen as a positive development that could further legitimize and stabilize the crypto market over time.

Overall, the conversation on CNBC’s “Closing Bell” underscored the growing relevance of cryptocurrencies in today’s financial landscape. As more investors and institutions embrace digital assets, the market is poised for continued growth and evolution. By staying informed, diversifying portfolios, and monitoring geopolitical events that can impact the market, investors can navigate the crypto landscape with confidence and seize opportunities for long-term financial success.