Bitcoin is at a ‘tipping point’, Citi says

Bitcoin is at a “tipping point” and could either become the preferred currency for international trade or face a “speculative implosion,” Citi analysts said.

With the recent embrace by the likes of Tesla Inc and Mastercard Inc, bitcoin could be at the start of a massive transformation in going mainstream, Citi said in a report.

The growing involvement from institutional investors in recent years contrasts with heavy retail-focus for most of the past decade, it added.