Citi Sets $143,000 Bitcoin Price Target in Bullish Base Case Scenario

Analysts at Citigroup have outlined a bullish base case scenario for Bitcoin (BTC), setting a price target of $143,000. This projection is based on Bitcoin's potential role as "digital gold" and its increasing adoption as an international trade currency. The report highlights several key catalysts, including the approval of spot Bitcoin ETFs in the United States, which has opened the door for significant institutional investment. Citi's analysis suggests that Bitcoin's scarcity, combined with growing demand from both retail and institutional players, could drive its value substantially higher. The bank's positive outlook reinforces Bitcoin's position as a major asset class in the evolving global financial landscape.