Citigroup predicts Bitcoin could rise to $143,000 in the next year.

PANews reported on December 20th that, according to Coindesk, amid the recent decline in Bitcoin prices, Citigroup predicts that Bitcoin will reach $143,000 in the next 12 months, an increase of approximately 62% from the current price of $88,000.

In a joint report, Citigroup analysts Alex Saunders, Dirk Willer, and Vinh Vo stated, "We predict that driven by potential digital asset legislation in the US during the second quarter, the adoption rate of digital assets will increase, and Bitcoin's active user value could reach around $80,000 to $90,000 in the new year." The analysts pointed out that $70,000 is a key support level, and the price could rise significantly due to a rebound in ETF demand and optimistic market expectations. However, there is also a pessimistic side: against the backdrop of a global economic recession, the price of Bitcoin may fall to $78,500; while in an optimistic scenario, due to increased investor demand, the price of Bitcoin could rise to $189,000.