Why Citi Thinks Bitcoin Is at a Tipping Point

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Michael Saylor bought the dip</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">China bans bitcoin mining in Inner Mongolia</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">WallStreetBets moving off Reddit? </span></li> </ul> <p><span style="font-weight: 400;">Our main discussion: Citi’s analysis of bitcoin. </span></p> <p><span style="font-weight: 400;">February saw a non-stop barrage of bullish bitcoin news with regard to institutional uptake. March is off to a similar start with a massive research report arguing that:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Bitcoin’s evolution over the last seven years has been spectacular </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">CBDCs are likely to become more important</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">If CBDCs do become more important, it could spur more corporations to use bitcoin as a global settlement currency </span></li> </ul> <p><span style="font-weight: 400;">NLW argues that the report itself may be the beginning of a new, important part of the institutional bitcoin narrative. </span></p> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUD