179 days ago • Posted by Charles-Henry Monchau

A senior Citi executive predicts Bitcoin will trade above $300k by the end of 2021

A senior Citi executive predicts Bitcoin may reach the six-figure price mark in 2021. Bitcoin's rise has been similar to gold in the 1970s, the executive said. The rise of state-backed digital currencies also shows a changing regime, one that supports the growth of Bitcoin, he added. Tom Fitzpatrick, a managing director at Citi, has predicted Bitcoin’s price may reach over $318,000 in 2021 as per a note to institutional clients last week. He called the move amidst an uncertain macro environment and its similarities to the gold market of the 1970s (source: www.zerohedge.com