$BTC Citigroup has set its price forecasts for Bitcoin and Ether over the next 12 months at levels of $143,000 and $4,304, respectively, in a clear bet on easing regulatory constraints and a faster pace of global adoption of digital assets.
Citigroup's targets for Bitcoin indicate the potential for an increase of nearly 62% compared to its trading level of $88,085.42 during these moments of trading on Friday, while Ether's forecasts reflect an upward opportunity of about 46% from its current level of $2,953.65.
Cryptocurrencies have witnessed widespread support during the current year, following U.S. President Donald Trump's pledge to support digital assets, which led to the dismissal of several lawsuits against major platforms, alongside a shift by financial regulatory bodies towards crafting specific rules to accommodate the nature of digital assets.
With Citigroup setting Bitcoin and Ether targets at $143,000 and $4,304 respectively, the importance of analyzing the role of regulatory catalysts and the wave of institutional adoption emerges. The Investeng Pro platform available in Arabic provides you with these insights through WarrenAI, with a discount of up to 55% during the events of Internet Monday.
