Citi Sees $113K Bitcoin as Bond Yields Ignite Store-of-Value Shift

Citi has upped its Bitcoin price target to $113,000, signaling that bond-yield volatility is shifting in favor of the cryptocurrency as a store of value.

The bank's revised outlook comes alongside increasing institutional demand and recent comments on rising Treasury yields. This macro narrative suggests a potential inflection point for Bitcoin as more investors consider it a safe-haven asset.

Regulatory developments are also gaining momentum, with new requirements in Alabama to refund victims of crypto ATM scams, while the EU faces pressure from 50,000 Europeans calling for stablecoin reward restrictions to be relaxed. Meanwhile, President Marcos has signed an executive order mandating greater transparency in government spending through a digital tracking system.

The ecosystem continues to advance with Pi Network's partnership with Open Standard and the launch of its OUSD token, while the 'largest pure-play' XRP treasury prepares for public listing. The Frame testnet has also processed seven million transactions, showcasing quantum-resistant cryptography and scalability improvements.