Well-known investor Bill Miller recently expressed his opinion that every major bank, major investment bank and every major firm will soon receive Bitcoin (BTC) or its derivatives.
His statement was reported last Friday, based on the phenomenon of large investments in Bitcoin by large firms such as Microstrategy ($ 425 million) and Square.
Similarly, PayPal offers cryptocurrency services and will expand its efforts globally by 2021.
While there is no denying that the price of bitcoin is unstable, Miller remains confident that the crypto asset has its own strength to improve every day. In fact, the risk of declining to a property level is so low compared to before.
Clearly, the supply of Bitcoin increases by about 2.5% every year and its demand is growing. It is not impossible if the currency is synonymous with the best asset class in 10 years.
This is not the first time Miller has 'raised' the name Bitcoin. In 2017, the figure revealed as much as 50% of its MVP 1 fund was invested in bitcoin.
Bill Miller is the founder of investment management company, Miller Value Partners. The individual is known for his success in beating the S&P 500 every year from 1991 to 2005.
In addition to Miller, Paul Tudor Jones also shares the same opinion and has invested about 2% of his portfolio into cryptocurrencies.
