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Bitcoin is ‘at the tipping point’, could become preferred currency for international trade: Citi

Bitcoin is ‘at the tipping point’, could become preferred currency for international trade: Citi



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13 Comments

  1. I dont understand how bitcoin can become this “currency for international trade”.
    Who wants to go online to buy a tshirt and then have to wait for average of 10minutes for their payment to be confirmed.
    As well as having this unstable price. The person could be browsing a store, see an item they like, and it to cart and by the time they go to checkout the price could spike up.

  2. tldr; Citibank analysts believe Bitcoin could become the preferred currency for international trade or suffer a “speculative implosion” if central banks launch their own digital cash and stablecoins. Bitcoin’s global adoption and potential for quick cross-border payments for commerce may increase greatly. Citi analysts admit that there are plenty of risks and barriers for Bitcoin’s progress in global adoption.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Let’s be real, Citi is a huge brand. The fact that they wrote an article about Bitcoin says to the rest of the world, “Bitcoin is legit” ….

    As BTC fan for 4 years, I’m loving these news bursts, it’s great for Crypto.

    Be happy, these types of things affect the prices in a positive way!!!!

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