BlockBeats News, March 18th, according to CoinPost, against the background of the stalled progress of the cryptocurrency market structure bill, Citigroup has adjusted its price expectations for Bitcoin and Ethereum as follows:
Citi lowered its 12-month price target for Bitcoin in the “base case” from $143,000 to $112,000 and reduced its Ethereum target from $4,304 to $3,175. In addition, the predictions in different scenarios are as follows:
1. Bearish Scenario: In the event of an economic downturn, Bitcoin could fall to $58,000, and Ethereum to $1,198;
2. Bullish Scenario: Driven by strong retail demand through channels like ETFs, Bitcoin could rise to $165,000, and Ethereum could reach $4,488.
Citigroup’s research head, Alex Saunders, stated: “The improvement of the regulatory framework is expected to drive Bitcoin adoption and inflows, but the likelihood of the U.S. completing relevant legislation this year is decreasing.”
