CitiGroup Expects Bitcoin to Target $143,000 in Base Case Scenario:

One of the major financial institutions has come out with the base case Bitcoin price prediction, marking a possible valuation of $143,000, based on a positive outlook concerning the market structure and institutional investment in the digital currency. The base case prediction implies that despite the recent volatility, the long-term demand story remains integral to the positive Bitcoin outlook.

While such estimates of price should be seen as scenarios and not necessarily probabilities, they do, nevertheless, tend to show how traditional portfolio thinking is absorbing these new assets. All this data allows traders or holders of these assets to make informed decisions.

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