What is the case for Bitcoin over gold? In a report published on November 14, 2026, at 04:20 (UTC+8), ChainCatcher recounted comments by Bill Miller IV, chairman and chief investment officer of Miller Value Partners, on BMTV. Miller said he remained bullish on Bitcoin despite market sentiment approaching lows seen around the FTX collapse.
Miller pointed to Bitcoin’s move from $63,000 to $87,000 over several months, followed by a decline to $68,000. In his view, volatility is the price of holding a high-quality asset.
His comparison with gold rested on two claims: that Bitcoin’s potential addressable value was far above its market capitalization, and that its supply was growing by only 80 basis points a year, making it scarcer than gold. He also argued that continued money creation was the only way out of the macroeconomic situation he described.
These are Miller’s assessments, not conclusions established by the reported figures alone. A supply-growth claim does not, by itself, show how Bitcoin should be valued or settle its comparison with gold.
The program also discussed Strategy’s reported removal from an MSCI index, rising inflation and Federal Reserve rate increases, an AI bubble and Nvidia’s valuation, possible catalysts for Bitcoin’s price, and what conditions the Clarity Act could provide for Bitcoin investors. The report did not establish those discussion topics as new developments or enacted rules.