US-headquartered international bank Citi just released the latest issue of Citi GPS: Global Perspective and Solutions, A report include BITCOIN achievements and future
Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Citi GPS is designed to help readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world.
Bitcoin initially drew interest from owners for its underlying technology and social value proposition plus its financial potential. As it has matured, attention has shifted to the business case around Bitcoin, its expanding utilization, and the growing commerce ecosystem around cryptocurrencies, existing entities are revamping their offerings and new entrants are emerging to provide enhanced data and exchange, trading, and custody services for institutional investors.
Growing acceptance by businesses, availability at ATMs, and payment services indicate cryptocurrencies are increasingly gaining a presence in the mainstream
Open interest in CMEs Bitcoin futures, a benchmark for institutional activity, surged by over 250% between October 2020 and January 2021.
The holding period for Bitcoin has increased, with 10% of Bitcoin now being held for five years or longer