s/dan_panteraBITCOIN TARGETS•Oct 1
175
votes
8.7k
seen
Citi lifts its 12-month Bitcoin target to $113,000
Bitcoin’s next-year target jumped to $113,000 from $82,000, a $31,000 increase that implies roughly 35% upside from Bitcoin near $83,900. The bullish case rests on currency-debasement concerns, clearer regulation and broader portfolio adoption, rather than just a stronger crypto market.
Citi also reversed its prior assumption of zero ETF inflows and now expects about $5 billion over the next year. That forecast depends on advisers and brokerages steadily raising client allocations, even as combined Bitcoin and Ether ETF inflows fell 37% in September from August.
Citi also reversed its prior assumption of zero ETF inflows and now expects about $5 billion over the next year. That forecast depends on advisers and brokerages steadily raising client allocations, even as combined Bitcoin and Ether ETF inflows fell 37% in September from August.
Timeline2
Sep 30
Citigroup raised its 12-month Bitcoin target from $82,000 to $113,000 and forecast roughly $5 billion in crypto ETF inflows over the next year.
Oct 1
The revised target was reported as implying roughly 35% upside from Bitcoin near $83,900.
1 comment
Oct 1