Citi: Bitcoin could become the main global currency

Citi: Bitcoin could become the main global currency

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A new Citi Report indicates that bitcoin is at a ‘tipping point’ and could become the ‘currency of choice’ for global commerce, CNBC reported Monday (March 1).

“Bitcoin’s future is therefore still uncertain, but short-term developments are likely to prove decisive as currency balances are at the tipping point of mainstream acceptance or of a speculative implosion,” he said. Citi writes in a research note, per CNBC.

The Citi report said bitcoin could “become the currency of choice for international trade,” according to CNBC. The recent escalation of Bitcoin has caught the attention of big bankers, especially after BNY Mellon said it was offering crypto …

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