Why Citi Thinks Bitcoin Might Soar to $199K—and It’s All Down to This One Surprising Reason 🤑

by

The bright sparks at Citi—those purveyors of banking wizardry and occasional doom-mongers—have emerged from their mahogany-paneled boardrooms to deliver to the masses their latest prophecy on Bitcoin (BTC). One imagines them, monocles in hand, sifting through sheafs of charts and muttering, “By Jove, what do we have here?”

In a report polished and sent flirtatiously across the Financial Times’ desk, analysts Alex Saunders and Nathaniel Rupert—two chaps who clearly haven’t missed an episode of “Market Mysteries”—have concocted a new model for valuing digital coinage. Their method? To count, more or less, the number of keen beans itching to join the Bitcoin bash. Market science or counting heads at the club entrance? You decide! 😏

Previously, Citi’s esteemed models involved complex arithmetic: electricity costs, adoption velocities, and the odd nod to a Satoshi’s fever dream. But now, they’ve embraced reality. Apparently, crypto-assets aren’t just for secret agents and digital pirates—they’re part of every Tom, Dick, and Harriet’s investment picnic. O, what a time to be alive!

“Back in the days when FTX went up in smoke,” the analysts quip, “most clients only asked, ‘Does crypto bugger my market or the whole economy?’ The answer was usually, ‘Not on your nelly.’”

“Circumstances, however, have morphed. Crypto assets, in their relentless expansion, are now as sizeable as everything but the absolute titans of equities. These days, Bitcoin and its merry friends are rubbing shoulders with the S&P 500 and Nasdaq. Even our most crypto-resistant clients are finding themselves unwillingly enmeshed in this digital fandango.”

Citi has thus produced a trio of forecasts for Bitcoin’s fate, which reads like Goldilocks’ breakfast menu: a bullish guesstimate at $199,340 (hold onto your butlers!), a middle-of-the-road $135,133, and, for the faint of heart, a bear’s grumble at $63,675. Make of that what you will—just don’t remortgage Jeeves’ estate on it.

Lately, say the Citi whizzkids, there’s but a single puppeteer jerking Bitcoin’s strings: the much-ballyhooed Bitcoin-based ETF flows. Picture fat cats hurtling sacks of cash into Bitcoin trackers and voilà—the price takes off faster than Lord Emsworth’s prize pig at the county fair.

“Since these ETFs first flounced onto stage, 41% of Bitcoin’s wild mood swings can be chalked up to nothing more than how much money is sluicing in,” report our heroes. “This year alone, just over $19 billion has flooded the Bitcoin-ETF engine-room. The coffers are overflowing, and the champagne (or crypto equivalent) is practically on tap.”

“We’re forecasting $15 billion more at the current stampede rate—enough to coax even the staunchest doubters out of their leather armchairs. Each extra billion dollars in ETF inflows seems to send Bitcoin up another 3.6%. Quick maths: that’s a lot of upside, unless someone gets cold feet and yanks the plug.”

For more rollicking adventures in financial derring-do, follow us on X, Facebook, Telegram, or send a pigeon if you’re feeling retro.
And if you miss an update, don’t blame us when your neighbour’s corgi is richer than you.
Check Your Price Action; Surf the Daily Hodl Mix; Keep your monocle polished—things can only get curiouser. 🧐

Read More

2025-07-28 17:41