Relevant for Exams
BANKING
Citi forecasts Bitcoin at $143,000, Ether at $4,304 in 12 months on regulatory easing.
Summary
Citigroup has projected Bitcoin and Ether prices for the next 12 months, forecasting $143,000 and $4,304 respectively. This outlook is driven by anticipated global regulatory easing and increased adoption of cryptocurrencies. While a private financial institution's forecast, it reflects a perspective on future market trends, which typically holds very low direct relevance for competitive exams.
Key Points
- 1Citigroup issued a 12-month forecast for Bitcoin price.
- 2The forecast for Bitcoin was set at $143,000.
- 3Citigroup's 12-month forecast for Ether was set at $4,304.
- 4The primary reason cited for these forecasts is anticipated regulatory easing in the crypto sector.
- 5Increased adoption of cryptocurrencies is also a key factor in Citi's projections.
Full Article
Citigroup set its 12-month forecasts for bitcoin and ether at $143,000 and $4,304, respectively, betting on regulatory easing and increased adoption.
#business#economy#upsc#banking#ssc#rbi