Bitcoin is at a tipping point and could become 'currency of choice' for global trade, Citi says

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Bitcoin's wild ascent over the last few months has forced big Wall Street players to reevaluate the cryptocurrency.

Bitcoin and other cryptocurrencies are often subject to wild bouts of volatility. Just over a week after hitting an, bitcoin's price has shed more than $10,000. It's still up over 60% on the year and 460% in the last 12 months.

Initially created as a digital payments system for bypassing banks and other financial middlemen, bitcoin has since gained traction among mainstream investors as a kind of "digital gold" that can act as a hedge against rising inflation.

 

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seemacnbc Yeah, she can now live off Bitcoin in the literal base of world finance and nowhere else. Progress.

seemacnbc 'Watch how that compares to today' and yet you have no comparisons as to who and how it's being used today. fuck, a monkey could have written a better piece. great work though? no, really. great work.

MSM is here. Time to short

seemacnbc thanks

seemacnbc 👀

tokenizedtweets 0x8713659b4c17E2B871D0Da13abEE37c06ca6353a

Currency Nah

Funny prediction, considering no one even uses it as a currency.

Bitcoin 🚀 World reserve currency. No stopping it. The world needs truth.

Yes we already use bitcoin for all payments at

How is it at a tipping point? Seems like it's been going up for 11 years

[people] Can we please do literally anything to slow down climate change. [global trade] No.

I don’t know what they are all smoking. Bitcoin has no utility. Zero. xrp

Lol, it's too deflationary to use for trade.

tokenizedtweets 0xd9d8B62f47f2053F4b413EDA4698Ee4DF956aEEf

No thanks. . . What I've read about how it's earned sounds sketchy (and possibly illegal) I'll stay with cash.

Yeah the FED can have several seats

jessykigen bulshits

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I've never opened so many tabs to read news. Today I have 13 open tabs, waiting to be consumed. And it's only Wed morning. So yea, people are interested about btc Addictively, in fact.

Global trade. clearly you have not done your homework. BTC is not able to transfer instantly. Take hours sometimes days with high fees. It all depends on the network.

Anyone who thinks a volatile, deflationary asset like BTC will make a good currency is leaning on the buzz just a little bit too hard. Not to mention its abysmal TPS and scalability problems.

International travel is 3 years away from recovery

It's already currency of choice, it has always been mine, I don't know about you... Bitcoin has no competition and I'll keep buying more with my AtomicWallet. It's a no brainer.

Doubt it

CCanuck1 Yep!! Waiting for this pump. Who paid for this article? Currency of choice is dogecoin Dogecoinarmy

LesliePicker It’s more likely to become the Mark Of The Beast.

DeadHomieBlaze

And $LINK may surpass $BTC according to Citi

SethZero1 CNBC is now promoting criminals? Also Citi:

quiltqueen129 u still have a chance

Bitcoin is like a time bomb and it can explode at any moment !!! be careful. Unless the countries of the world accept bitcoin as an official currency and trade in it, this Currency will never be recognized.

Sure sure ,, lets just eliminate the USDollar as the global currency, what could go wrong?

Citi has lost its mind.

RBI Anurag_Office nsitharaman nsitharamanoffc Dariye mat crypto se . Effectively regulate kariye . Ache se samjh Kar. IndiaWantsCrypto

FLGatorTrader Wait until you try to make payments in BTC. It doesn't scale. BTC is a store of value. $XRP is payments.

tokenizedtweets 0x4689Ca25dF31a4715041Db3d71c7A1716Cb2D164

RobertM99348277

'some people say'

What are your thoughts GeertNoels?

😂😂😂👻👻👻

.

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It’s literally a fake concept. I cannot believe you’re reporting on this and people actually “buy it”. It’s such a waste of actual money on a fictional thing. Pathetic

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The announcement came after they bought 🫂

Uh yea we’ve been saying this for quite some time now 😂

👍👍👍👍

I will help just 10 people Earn 1BTC weekly with my strategy regardless (Pump or dip) of Bitcoin (Ask Me How) I will send you all info.

BITCOIN the new S&P 500 without the volatility lol

Citi has its own issues !

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Don’t miss the Boat, Buy it all up before the Banks 🏦 👇

When next article about Model A?

Omg🤯

Oregu1 How long would it take for every America to make one BTC transaction ehh prob roughly around 15,000 years and 15 billion a day in fees. Yeah I’m gonna stick to my green protocols IOTA a new dawn is coming back by peer reviewed research and mathematics.

PYMcsween, drôle que des nouvelles comme celle-ci, vous allez pas en parler par contre.

Now you're getting it

Live look at the crypto traders locker room after the report from Citi ALTSEASON $loom $bch $btc

Pure stipidity and greed with our current climate crisis. Bitcoin is a gigantic waste of energy.

Wash trade can control Crypto market easily, 99% big transactions are wash trade.

Bitcoin

Are you guys just figuring this out?

bearish sign 🧐

We don't buy bitcoin We earn bitcoin From Mining. And I'm ready to show 10 lucky people on how to earn BITCOIN ($45,000) and more daily! No referral No withdrawal fees Interested people only Kindly send us a DM .

Lol

$FPVD IMO -This is like buying Apple 20 yrs ago. folks will provide their data and will get paid every month. This is a true UBI (Universal Basic Income) that will be paid by companies and not by printing money by governments. Longs are the lucky to realize it many years before

Hahahahahaa

Feels like $BTC is the hedge to the USD

Well soon enough It's not too late to invest in Bitcoin and it's never too late to do that either, We'll be happy to guide you through the process on how to buy and invest in Bitcoin. Kindly send a DM to learn more interested persons only

Banks 👇

What’s the carbon cost of all that wasted computation ?

Once the lightning network is up and running, it will be the medium of exchange. Until then, it will continue to be the financial black hole and will swallow basically all other markets.

hòa động, vui vẻ, biết thông cảm, mập nhưng dễ thương...

I am not still exactly sure how bitcoin will be used to purchase services. If a currency change every day even cost of other products and services will have to change everyday. It can be a source of investment but not a replacement for Currency.

Currency? They said same bullshit with MBS to encourage loosers to buy worthless securities, and at the end they got bailed out. What a morons.

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Here come all the monetary experts

Imagine if India passes a legislation declaring Bitcoin as the base currency for all international trade by India. This will just tip everything in India's favour and all the next gen innovators will scramble to get in India and innovate here.

Sooner or later it shall be

In retrospect, it was inevitable... Bitcoin

Bitcoin is mostly useless

Not DigiByte?!

Goddess_Sal this is clearly in response to me selling.

Bitcoin the future of money!

Nothing you say can be trusted

it is not a feasible asset/currency because lot of energy is consumed to mine 1 bitcoin.. also transfering too needs much electricity. so only one thing left is derviative of Bitcoin which are going to be started banned by governments.

For a lot of people who are new to Bitcoin regardless of whether they hold or not will come to understand these dips are normal. There will be a lot of gains for those who waited, negatives for those who sold early, and optimism for those who doubted.

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Ok so Citi & their clients definitely have exposure to $BTC The 'institutional shill' is another level

Asking you for support if possible

🤡🤡🤡

A truly global economy needs one global digital currency. The way things are going it's either the Digital Yuan or Bitcoin & nobody wants to adopt another Nation's money. The future is written.

Weak hands will all be slowly selling to cut there loses, then when Bitcoin starts pumping they buy again. They keep doing this till they are rekt then say Bitcoin is shit! That’s why the rich get richer and the rest get rekt🤷‍♂️

Bitcoin is losing all its original meaning as corporate ownership share rises

We already knew that. We don’t care about the opinions of old banks

I won't deal with btc with huge transaction cost. My country's payment system is No.1 in the world with billions of transaction. Research BHIM and UPI. Top class.

Read between the lines. $link

China licking lips. First Wuhan, now this!!

thats doubtful, why? Ask the Fed...

In retrospect, inevitable.

Makes no sense to use an outdated 1st generation blockchain to serve a role as such. xrp

Problem is the transaction time and charges by the exchanges

Cryptos have no value except for what you say it has. What happens when people start to undervalue the currency or decide bitcoin sucks and everyone moves on to a newer crypto? Also, cryptocurrencies fund arms deals and human trafficking. Do they want to get involved in that?

But the puppets on CNBC disagree

TheWallStBull

AMERICANHODL3 Have fun staying poor BankofAmerica WellsFargo SunTrust Chase

This is idiotic!

Bitcoin is the only way forward. Or else, humanity is lost.

Technology is not the tough part...its the infrastructure that is more difficult but at least we have our first location running in Singapore and our second location is on the way. See video :

CNBC credibility -87657997654687665

Lol I have nothing against Bitcoin but as someone who imports and exports product there is no way anyone is using this as an international currency. Way too volatile. Just proves these banks have zero idea how the real world functions.

Citi bank are clearly autists

Free enterprise exchange or free commodity order

If you like paying $20 for each transfer, and you like China controlling your currency.

Will*

The Meg love it.

So who will bail them out next time?

L O L....that took all but 14 days to go from a.'tulip bubble' to....ehhh 'seems stable enough' to use a global asset......

AMERICANHODL3 There are some salty MF’s in this thread 😂

AMERICANHODL3 Everyone tried telling you.

Neccesary measures for the time we live in.

Coming from a bank that went bust in ‘08 and is only around today because of US taxpayers should be reassuring to cryptocasino cryptocurrency $BTC investors $C

BS!

Now that they reloaded long so let pump it up again 😛

No is not.... The US Crypto that the Gov will be using is still underway...

It has got to be backed by something, how about gold?

...while they're dumping it

For Christ sakes, if the US government was able to be hacked into for over 9 months while Trump sat and did nothing but continued being the mole in the WH, what could possibly go wrong with digital currency.

Who would have thought?

as if the banks and various states won't swoop in with their own stablecoin lol

HUMBUG

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