News gathered from Decrypt, Twitter

A senior Citibank analyst has made a grandiose prediction for Bitcoin in a recent note to institutional clients—even drawing comparisons with the gold market of the 1970s.

This kind of technical analysis is of little value. There is no edge in guessing targets so far in time with TA. All we know is that price is likely to continue going up, and a lot. But readers loves this. What matters here is Citi's clients being exposed to the bitcoin moon scenario.

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