Robert Millet, a professor of ancient scripture in BYU's Religious Education Department, pointed out that because Mormons believe in an open canon, others often suggest that Mormons don't revere the Bible, or have even replaced it with their 'own Bible,' referring to the Book of Mormon.
Yet, Millet quoted Elder M. Russell Ballard who emphasized that Mormons love the Bible as one of the "pillars of our faith" and a powerful witness of Jesus Christ.
"The more we read and study the Bible and its teachings, the more clearly we see the doctrinal underpinnings of the restored gospel of Jesus Christ," Ballard said in LDS General Conference, April 2007. "We tend to love the scriptures that we spend time with. We may need to balance our study in order to love and understand all scripture."