Citi Analysts Unveil Bitcoin Bull Case Price Target, Say BTC Returns Since 2024 Can Largely Be Explained by One Catalyst Alone: Report

Description

Analysts at banking giant Citi are laying out price targets on Bitcoin ( BTC ) based on a surprisingly simple forecast model. In a new report seen by the Financial Times , Citigroup analysts Alex Saunders and Nathaniel Rupert offer a new way of valuing digital assets, ostensibly suggesting that the price of Bitcoin is influenced simply by how many people want to own it. While Citi’s previous Bitcoin price models incorporated various data inputs like mining electricity costs, adoption rates and m...