Citi Raises 12-Month Bitcoin Target to $113,000 from $82,000 on Debasement Fears — Market Talk
Citi boosts its 12-month bitcoin target price to $113,000 from $82,000 as debasement fears return to markets. Renewed investor concern that high government deficits could erode the value of fiat currencies is one reason behind the shift in thinking. Regulatory clarity is another. "Paradoxically, the…