Citi Raises Bitcoin Target to $113,000 Amid Currency Debasement Fears

Citi Bank has raised its 12-month Bitcoin target to $113,000 from $82,000. This upgrade represents nearly a 38% increase over their previous estimate.

The bank's revised outlook is based on several factors, including renewed fears of currency debasement and increased regulatory clarity in the crypto market.

Citi expects around $5 billion in crypto inflows during the coming 12 months. This growth will be driven by gradual demand from advisers and brokerage platforms as they increase client exposure to Bitcoin.