Citi says Bitcoin could become ‘currency of choice for international trade’

Citi says Bitcoin could become 'currency of choice for international trade'

Key points to remember

  • Citi released a report stating that Bitcoin could become the “currency of choice” for international trade within a few years.
  • The report concluded that Bitcoin is “at a tipping point” which could go two ways.
  • Citi pointed out that there are risks and concerns that could limit adoption.

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Bitcoin could be the world’s first currency of choice for international trade, Citi analysts say.

Bitcoin as a “facilitator of world trade”

Bitcoin is “at the tipping point of mainstream acceptance or speculative implosion,” according to a report from Citi.

The US banking giant released a 108-page document titled “Bitcoin: at the tipping point, “Evaluate the possible future of digital assets in the world…

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