$BTC Citi projects the price of bitcoin in USD 113,000 over the next 12 months
The firm raised its outlook thanks to a macroeconomic environment it considers favorable and the resumption of capital inflows.
Financial firm Citigroup increased its estimates for the price of bitcoin (BTC), projecting that the asset will reach the $113,000 mark within twelve months—an increase significantly higher than its previous target of $82,000.
This upward revision is based on a macroeconomic backdrop the entity considers favorable, along with a rebound in activity in digital markets and the resumption of flows into exchange-traded funds.
#BitcoinETFsTake$6.34BillionInQ3
The firm raised its outlook thanks to a macroeconomic environment it considers favorable and the resumption of capital inflows.
Financial firm Citigroup increased its estimates for the price of bitcoin (BTC), projecting that the asset will reach the $113,000 mark within twelve months—an increase significantly higher than its previous target of $82,000.
This upward revision is based on a macroeconomic backdrop the entity considers favorable, along with a rebound in activity in digital markets and the resumption of flows into exchange-traded funds.
#BitcoinETFsTake$6.34BillionInQ3
