Bitcoin was featured in a CoinDesk article titled, “Citibank Analyst Says Bitcoin Could Pass $300K by December 2021.” The piece discusses a report penned by a senior analyst at U.S.-based financial giant Citybank that draws on similarities between bitcoin and the 1970s gold market. The article reads, “The whole of bitcoin’s existence has been characterized by major price swings, ‘exactly the kind of thing that sustains a long-term trend,’ said Thomas Fitzpatrick, global head of the company’s CitiFXTechnicals market insight product, in his report solely intended for the bank’s institutional clients. The report was first leaked to the cryptocurrency community by Twitter user ‘ClassicMacro’ in a tweet on Saturday, noting Fitzpatrick is ‘a big fan of moon targets.’”
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