Summary
- Citi analysts expect the cryptocurrency market to continue strong growth next year.
- The growth of the cryptocurrency market is based on pro-cryptocurrency policies, increasing ETF funds, and innovations in stablecoins.
- Bitcoin is said to be at a starting point with a high possibility of surpassing $100,000.
Analysts at Citi have predicted strong growth in the cryptocurrency market next year.
According to Bitcoin.com on the 26th (local time), Citi analysts forecasted that the cryptocurrency market will continue to record high growth next year due to factors such as President-elect Donald Trump's pro-cryptocurrency policies, increasing inflows of cryptocurrency spot ETFs, and innovations in stablecoins.
They also suggested that Bitcoin surpassing $100,000 might not be the end but the beginning. On this day, Bitcoin is trading at around $96,000 on the Binance Tether (USDT) market, down 2.6% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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