Citi predicts that Bitcoin may rise to $143,000 in the next year

PANews, December 20 — According to Coindesk, against the backdrop of the recent bitcoin price decline, Citigroup predicts that the price of bitcoin will reach $143,000 in the next 12 months, representing an increase of about 62% from the current price of $88,000.

Citi analysts Alex Saunders, Dirk Willer, and Vinh Vo stated in a joint report: "We predict that, driven by digital asset-related legislation that may be introduced in the US in the second quarter, the adoption rate of digital assets will increase, and the active value of bitcoin users in the new year may be around $80,000 to $90,000." The analysts pointed out that $70,000 is a key support level, and due to renewed ETF demand and optimistic market expectations, the price could rise significantly. However, there is also a pessimistic scenario: in the context of a global economic recession, the price of bitcoin could fall to $78,500; in an optimistic scenario, due to increased investor demand, the price of bitcoin could rise to $189,000.