Bitcoin’s latest market rally has helped it surpass the market cap of some of the top companies. Another 50% of the current levels can put it above Visa, Mastercard, and JPMorgan. Veteran players from the investing world say that big companies will soon have exposure to Bitcoin.

The latest Bitcoin (BTC) price rally has once again caught the attention of global investors. Apart from hitting new highs for 2020, Bitcoin is challenging some of the biggest corporations in the market. At press time, Bitcoin (BTC) is trading at $15,439 with a market cap of $286 billion.With less than $40 billion market cap during the crypto market crash of March 2020, BTC valuations have surged 7x so far. Interestingly, if we compare BTC valuations with some of the biggest companies, it ranks 18th by market cap. With the recent price surge, Bitcoin (BTC) has surged past companies like PayPal Holdings Inc (NASDAQ: PYPL), Inc (NYSE: CRM), Netflix Inc (NASDAQ: NFLX), Adobe Inc (NASDAQ: ADBE), Walt Disney Co (NYSE: DIS), etc.However, three big companies from the financial space – JPMorgan Chase & Co (NYSE: JPM), Visa Inc (NASDAQ: V), and Mastercard Inc (NYSE: MA) – are still ahead of Bitcoin at this point. For this, Bitcoin still has to add another $150 billion to its market cap crossing above $23,000 levels approximately. On the other hand, Bitcoin (BTC) will still have to 7.5x from here i.e. hit $120K price to catch up with the tech behemoth Apple Inc (NASDAQ: AAPL).As per historical trends, Bitcoin (BTC) has always registered exponential rally in the year after its Bitcoin halving. Thus, with the recent Bitcoin halving in mid-May 2020, the BTC price is likely to surge through 2021. Moreover, unlike previous times, even big corporations have started accumulating Bitcoin in huge numbers. On the other hand, the global economic uncertainty and the Fed’s money printing saga is adding more fuel to BTC.Bitcoin is also becoming more favorable over its hedge-competitor aka Gold. Banking giant JPMorgan recently said that Grayscale Bitcoin Trust has outperformed Gold ETFs in October 2020. Digital asset manager Grayscale has seen over $850 million worth of institutional inflow this year for its Bitcoin Trust investment vehicle.Every Major Bank to Have Exposure to Bitcoin (BTC), Its Market Cap Is UpWhile banking institutions have despised Bitcoin over the last decade, they can afford to do it any further. JPMorgan, one of the biggest Bitcoin critic has also started giving favorable targets for Bitcoin in near future. Last Friday, talking to CNBC, veteran investor Bill Miller said that all investment banking giants will start having exposure to Bitcoin.“I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what’s like it,” he said.Bill Miller, the founder of Miller Value Partners, also acknowledged that Bitcoin is a very volatile asset. However, he added that Bitcoin’s “staying power gets better every day”. Weighing the associated risks, Miller also noted that the risk of BTC “going to zero are much much lower than they’ve ever been before”.Sharing an interesting fact, Miller noted that Bitcoin remains the best performing assets one-year, five-year, and ten-year basis as on date. Miller added:

“The bitcoin story is very easy, it’s supply and demand. Bitcoin’s supply is growing at around 2.5% a year, and the demand is growing faster than that and there’s going to be a fixed number of them”.

Miller is not alone in making bold predictions for Bitcoin. Popular figures like Paul Tudor has also backed BTC investments. A number of big organizations have made an entry in Bitcoin over the last few months. PayPal’s crypto trading services going live in 2021 will be a Share:

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