BREAKDOWN: Bitcoin at $318,000 Next December? One Citibank Exec Says It’s Possible

BREAKDOWN: Bitcoin at $318,000 Next December? One Citibank Exec Says It’s Possible

Breaking down a recent report that has Bitcoin Twitter salivating and skeptical at the same time. This episode is sponsored by Crypto.com and Nexo.io. Today on the Brief: Moderna trial success drives markets up New all-time high in negative-yielding debt Jay Clayton to leave SEC Our main discussion: BTC $318,000 in December 2021? That’s the prediction of one Citibank exec in a report called “Bitcoin: 21st Century Gold” sent last week to institutional clients. In this episode, NLW breaks down the report, including the macro justification that sets the stage as well as the technical analysis that led to these numbers. Ultimately, he argues that what matters isn’t the report’s predictions, but the fact that its very existence suggests a shifting narrative for institutional buyers. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CME Says It Will Sue the CFTC Over Perpetual Futures | CoinDesk Daily

CME Says It Will Sue the CFTC Over Perpetual Futures | CoinDesk Daily

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Kevin Warsh's First Fed Meeting Could Move Bitcoin | CoinDesk Daily

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BlackRock Launches Bitcoin Income ETF with High-Teens Yield Target

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BlackRock's New Bitcoin ETF Pays Monthly Income | CoinDesk Daily

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Blockspace: Why Anthropic Axed Mythos/Fable 5, IREN Seals 490MW Nostrum Acquisition, EPA Won’t Regulate Data Centers

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SpaceX IPOs With $1.3B in Bitcoin, Citi Tokenizes Private Shares, and Coinbase Lets AI Trade for You

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