• Bitcoin

    Citi: Bitcoin at a ‘tipping point’

    A new report reveals that the bank believes that Bitcoin may be on the verge of mainstream adoption

    Given its advantages in global payments—including the decentralized design, lack of foreign exchange exposure, the ability to make money far faster and cheaper than current systems, and that it offers secure payment channels and traceability—the report concludes that “Bitcoin's global reach and neutrality could spur it to become the currency of choice for international trade.”

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    Bitcoin,  Markets Report

    Markets Report: Bitcoin bounces back near $50K as Citi U-turns on skepticism

    A surprise vote of confidence from one of Bitcoin’s best-known naysayers provides the backdrop to a return of bullish sentiment

    After hitting local lows of $43,000 in recent days, Monday is seeing a renaissance in momentum on Bitcoin markets, with even Bitcoin-skeptical Citibank flipping bullish on long-term prospects.