Bill Miller IV, chairman and CIO of Miller Value Partners, on Wednesday said even minimal exposure from global retirement accounts could significantly boost Bitcoin’s BTC/USD valuation, highlighting what he sees as early but growing institutional interest.

What Happened: “There are $60 trillion worth of assets globally in retirement accounts with zero allocation right now to digital assets,” Miller said in a CNBC interview. “Every 1% allocation from that $60 trillion adds $30,000 to Bitcoin’s price.”

He argued that a 2% allocation to Bitcoin would be conservative when compared with traditional holdings in fiat assets.

“All of those assets are currently in a monetary framework whose…

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