Citi Turns More Bullish on Bitcoin and Strategy: Here Are the New Targets
đ Citi has significantly raised its 12-month Bitcoin price target to $113,400, nearly doubling its previous forecast of under $82,000, citing a strong market recovery and increased ETF inflows.
đ The bank expects around $5 billion in crypto inflows over the next year, driven by financial advisers and brokerages boosting Bitcoin allocations despite recent regulatory challenges.
đč Citi has also upgraded its price target for MicroStrategy (MSTR) to $240, reflecting a 60% increase in the stock, with a substantial portion of the upside linked to Bitcoin's performance.
đ Citi has significantly raised its 12-month Bitcoin price target to $113,400, nearly doubling its previous forecast of under $82,000, citing a strong market recovery and increased ETF inflows.
đ The bank expects around $5 billion in crypto inflows over the next year, driven by financial advisers and brokerages boosting Bitcoin allocations despite recent regulatory challenges.
đč Citi has also upgraded its price target for MicroStrategy (MSTR) to $240, reflecting a 60% increase in the stock, with a substantial portion of the upside linked to Bitcoin's performance.