Bill Miller IV, chairman and CEO of Miller Value Partners, has outlined his strong outlook on Bitcoin, emphasizing that he has never felt more optimistic about the cryptocurrency’s long-term prospects. Miller compared Bitcoin’s current market capitalization to its levels during the previous cycle peak, noting that while the price has remained similar, global economic fundamentals have substantially deteriorated. He argued that the widening gap between the current price and Bitcoin’s intrinsic value has been driven by the worsening fiscal environment, particularly the expanding US deficit.