Citi is now seeing Bitcoin ending the year at $133,000, which is lower than their previous forecast of $135,000 back in July. As for Ether, they are raising their year-end forecast to $4,500 now – up from $4,300 in the middle of September. Two weeks ago, the firm argued that Ether’s rise was largely driven more by sentiment than fundamentals but still maintained that it is increasingly becoming the preferred token for companies wanting more active returns.
Looking out to next year though, Citi anticipates much room to boom for cryptocurrencies still. Their 12-month forecast horizon for Bitcoin is for price to meet a target of $181,000
Citi cuts year-end forecast for Bitcoin but sees another jump in the next year
