Bitcoin predicted by Citi Bank to reach 135,000 USD: ETF capital inflow is the main driver!
The cryptocurrency market is receiving an extremely optimistic signal from the traditional financial "giant"! Bank
#citibank has just made a promising forecast for Bitcoin, setting a year-end price target of 135,000 USD in the base scenario, and it could even reach 199,000 USD in an optimistic scenario.
ETFs are the "trump card" driving growth
According to Citi's model, three main factors shape Bitcoin's price, including:
User growth: Contributing approximately 75,000 USD to the price.
Macroeconomic factors: Subtracting about 3,200 USD.
Capital inflow
#etf : This is the most important factor, expected to add about 63,000 USD if 15 billion USD flows into ETF funds.
Notably, Citi points out that ETFs currently account for over 40% of price volatility
$BTC since Spot ETFs launched in January 2024. This once again affirms the increasingly significant role of traditional investment products in leading the cryptocurrency market.
A strong forecast from a reputable bank like Citi Bank, along with evidence of the influence of ETF capital inflow, are extremely positive signs that reinforce confidence in the sustainable growth trajectory of Bitcoin and the crypto market in the near future.