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Citi: Bitcoin at ‘Tipping Point’ as Institutions Come on Board

Citi: Bitcoin at ‘Tipping Point’ as Institutions Come on Board



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9 Comments

  1. Here’s the report:

    https://www.citivelocity.com/citigps/bitcoin/

    ctrl+f chainlink

    >Developers that utilize the Chainlink network pay with the protocol’s native token, LINK. Thus, a token that helps to facilitate the growth of the on-chain ecosystem may also gain prominence over Bitcoin in time as it becomes increasingly critical to the operation of the blockchain infrastructure.

  2. A cool quote from the article:

    “All truth passes through three stages: First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident.”

    kinda true tho

  3. tldr; Bitcoin is at the “tipping point of its existence” thanks to large institutional investment and growing regulatory groundwork, according to a new report by Citi Global Perspectives and Solutions. Bitcoin could become the currency of choice for international trade thanks to its “decentralized design, lack of foreign exchange exposure, fast (and potentially cheaper) money movements, secure payment channels, and traceability.”

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

  4. The binary 2 outcome conclusion makes zero sense. I won’t take heed in these guys as they have not been correct on Bitcoin for the past decade and I doubt that they suddenly become experts and know more than any of us do; quite the opposite in fact

    Just take their Wall Street BS with a huge grain of salt and know in your heart that YOU know better and more than them

  5. The Schopenhauer quote should read:

    >The truth is always destined to have only one brief victory parade between two longer periods, in which it is first condemned as paradoxical and then belittled as trivial.​

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