Citi Turns More Bullish on Bitcoin and Strategy: Here Are the New Targets

Key points

• Citi raised its 12-month bitcoin target to $113,400 from under $82,000 set in July, citing stronger crypto activity, supportive macro conditions and returning ETF inflows.
• The bank expects roughly $5 billion in crypto inflows over the next year, and said SEC and CFTC announcements softened the CLARITY Act's Senate failure.
• Citi lifted its Strategy (MSTR) target to $240 from $136 with a "buy" rating, attributing much of the upside to BTC appreciation and premium expansion.

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