Citi just catapulted its Bitcoin target past $113K.
The bank lifted its 12‑month forecast to $113,400, up from under $82,000 in July, as Bitcoin rallied to around $86,000 (near $83,900).
Citi projects $5 billion of crypto inflows over the next year and cites renewed currency‑debasement fears, clearer regulation and ETF inflows as drivers.
For Strategy, Citi raised the MSTR price target from $136 to $240 while the stock trades at $160, a 60%+ rise since summer lows.
The bank attributes 34% of the upside to further Bitcoin appreciation and 16% to an expanding market‑to‑net‑asset‑value premium.
What do you think about Wall Street’s renewed bullish stance on Bitcoin and its ripple effect on crypto‑linked equities?
#Bitcoin #Citi #Crypto #FinTech #Strategy
The bank lifted its 12‑month forecast to $113,400, up from under $82,000 in July, as Bitcoin rallied to around $86,000 (near $83,900).
Citi projects $5 billion of crypto inflows over the next year and cites renewed currency‑debasement fears, clearer regulation and ETF inflows as drivers.
For Strategy, Citi raised the MSTR price target from $136 to $240 while the stock trades at $160, a 60%+ rise since summer lows.
The bank attributes 34% of the upside to further Bitcoin appreciation and 16% to an expanding market‑to‑net‑asset‑value premium.
What do you think about Wall Street’s renewed bullish stance on Bitcoin and its ripple effect on crypto‑linked equities?
#Bitcoin #Citi #Crypto #FinTech #Strategy
