Thriller Insights: Citibank Analyst Predicting $318K Bitcoin
Thriller "A Bitcoin Zine" · Car
November 17, 202030m 1s
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Show Notes
<p>News gathered from <a href="https://decrypt.co/48359/citibank-analyst-puts-bitcoin-price-prediction-as-high-as-318000">Decrypt</a>, <a href="https://twitter.com/classicmacro/status/1327381449000034307">Twitter</a></p>
<p>A senior Citibank analyst has made a grandiose prediction for Bitcoin in a recent note to institutional clients—even drawing comparisons with the gold market of the 1970s.</p>
<p>This kind of technical analysis is of little value. There is no edge in guessing targets so far in time with TA. All we know is that price is likely to continue going up, and a lot. But readers loves this. What matters here is Citi's clients being exposed to the bitcoin moon scenario.</p>
<p>The 57.13% Bitcoin Theory</p>
<p>Bitcoin Chart by TradingShot via <a href="https://www.tradingview.com/u/TradingShot/">Trading View</a></p>
<p>Amazon to Accept Bitcoin?</p>