Citibank forecasts Bitcoin could hit $189,000 by end of 2026, a stark reversal from when banks called it rat poison. Brian argues Bitcoin functions as digital gold with a four-year cycle, sees a possible bottom around $60,000, and projects substantially higher prices by 2030.
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Citibank projects a Bitcoin price reaching as much as $189,000 by the end of 2026. Here's what I find fascinating. It's like an institutional flip. 5 years ago, the largest banks were calling Bitcoin rat poison, and now Citi is publishing prices that look like Apple stock. Brian, you want to give us a little bit of overview of what you're seeing?
Yeah, it's never as good as it seems, never as bad as it seems with these things. You've got to take a long-term perspective, and I think over the last few quarters you know, the reason that Bitcoin has been down, everyone's been kind of trying to figure that out. I think it's a few things, right? I think AI absorbed a lot of the risk capital, and then people got really excited about stablecoins because the Genius Act passed and we had some regulatory clarity. And so stablecoins kind of became the new meta. I think these are all short-term effects. I think Bitcoin is the new digital gold. I think it's going to be a key part of our economy going forward into the future. So I'm as bullish as ever. I think sometimes people look at these 4-year cycles that Bitcoin goes through as well, where you can see the percentage of people who have made money versus not. My instinct is we probably have bottomed at this point, maybe at the $60K number, but nobody can say for sure, of course. I think by 2030, we're going to have a much higher, higher price, and I'm long Bitcoin, just like always.
