NASHVILLE (USA), July 26 The Bitcoin rate as the leading digital currency will continue to grow in the long term, regardless of which candidate wins the upcoming US presidential election in November, said American investor and founder of Miller Value Funds Bill Miller.
«I think no matter who wins, the value of bitcoin will go up in the long term,» Miller said on the sidelines of the major annual Bitcoin 2024 conference, which is taking place in Nashville from July 25 to 27.
The investor noted that former President and Republican candidate Donald Trump, who was one step away from banning bitcoins during his time in office, has apparently radically revised his views on the issue.
«The fact that a former president and presidential candidate is going to speak here at this conference shows how far we have come from the idea of cryptocurrency as some weird technology that no one understood before… Since then, the value of Bitcoin has reached its highest level in history, and now a major conference is taking place, I am beyond excited,» Miller shared his observations. 
According to him, conference participants are eagerly awaiting Trump's upcoming speech, hoping that the politician will be on the «right side» and will speak out in support of the blockchain industry.
As of Friday morning, the first cryptocurrency jumped to almost $68,000 in anticipation of the speech of former White House chief Trump at the Bitcoin 2024 conference in Nashville. The politician has made cryptocurrencies part of his election campaign, and a number of analysts expect that after his speech on the final day of the conference, the value of bitcoin may rise sharply. At the same time, other industry analysts are urging the crypto community not to make rosy plans in advance regarding Donald Trump's tenure as US president. In particular, back in 2020, the Republican president was one step away from making a decision to ban bitcoins.