Amid the recent bearish price action, the headline on Citigroup’s 12-month outlook for bitcoin BTC$87,996.38 of $143,000 — or about 62% upside from the current $88,000 — will raise some eyebrows.
“We forecast increased adoption of digital assets, spurred by potential U.S. digital-asset legislation in the second quarter, with bitcoin likely ranging into the new year around $80,000-$90,000 user-activity values,” Citi analysts Alex Saunders, Dirk Willer and Vinh Vo said in their joint report.
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