Citigroup Boosts Bitcoin Price Forecast to $112K Amid Regulatory Uncertainty

Citigroup has made headlines with its revised 12-month price forecast for Bitcoin, pegging it at a robust $112,000.

The bank's analysis highlights the importance of regulatory clarity in driving institutional demand for cryptocurrencies. Despite the slow progress on US legislation, Citigroup notes that strong investor interest and institutional flows could drive prices up to $165,000.

In contrast, a bear case scenario suggests that a broader economic downturn or continued regulatory delays could push prices toward $58,000.