The many graphic crimes of * that * Citi Bitcoin Report

The many graphic crimes of * that * Citi Bitcoin Report

Citi yesterday released an all-time classic of a Bitcoin report, as you may have already done read about here. And when we say classic, we mean one of the most abhorrent pieces of propaganda disguised as “research” that we have ever encountered.

Not only was this “report” actually just a massive bitcoin-shilling exercise, it also contained some really pretty embarrassing mistakes from what is supposed to be one of the best banks in the world (and their “thought leadership” division).

Perhaps the most shocking mistake was the apparent failure of the six Citi analysts who wrote the report to grasp the difference between basis points and …

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