Bill Miller IV Drops Bombshell: Ethereum and Solana Won’t Survive the Crypto Endgame

Wall Street's crypto-skeptic turned bull, billionaire Bill Miller IV, just threw shade at two blockchain giants—and the market's buzzing.

Why Ethereum and Solana are on his 'losing bets' list

The hedge fund legend—who called Bitcoin’s 2021 rally—now claims today’s smart contract leaders won’t dominate long-term. No specifics, just a gut punch to ETH and SOL maximalists.

The real kicker? He didn’t name a winner. Classic hedge fund move—burn the village, sell the maps.

Regulatory-driven rally

Miller linked recent market gains in Ethereum to Washington’s policy calendar, pointing to theand the advance of the CLARITY Act. 

President Donald TRUMP signed the GENIUS Act into law on July 18, creating the first federal framework for dollar‑backed stablecoins. 

The House cleared it on July 17 afterand an Anti‑CBDC measure the prior day. The Senate then approved the consolidated version before the bill went to the WHITE House. 

While CLARITY moved as part of that package to speed floor action, the enrollable text that ultimately became law was the GENIUS stablecoin framework. 

Miller’s point is that policy momentum can lift assets based on proof of stake, but he doubts it alters the long‑run race with Bitcoin. He added:

Solving accountability

He framed Bitcoin as a solution to monetary accountability, mentioning its transparent and Immutable ledger as a way to audit “who owns what” and where funds are flowing.

Other chains, in his view, don’t solve an additional problem that bitcoin hasn’t already addressed, and they lack its liquidity and first‑mover momentum.

That thesis extends to corporate balance sheets: 

Furthermore, the billionaire predicted that bond managers buying “Bitcoin‑regulated bonds” and equity managers adding Bitcoin‑linked exposures will outperform peers who don’t. 

Miller concluded that it “remains to be seen” whether proof-of-stake technology can deliver a lasting advantage.