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Bitcoin Future Growth Rate Outlook Changes and Price Targets Lowered

The Motley Fool +1 ·

  1. 1As Bitcoin continues to fall 7% this year, cryptocurrency analysts are lowering their price targets.
  2. 2Citigroup's early October 12-month price target of $113,000 represents a 35% increase for Bitcoin compared to today's price of $84,000.
  3. 3JPMorgan Chase predicted that Bitcoin will record an annual growth rate of 10% over the next 10 years.

So what's the key point?

Experts are lowering their price predictions as Bitcoin's price has dropped 7% this year. Citigroup expects Bitcoin could rise to $113,000.

Source The Motley Fool +1 · View original ↗

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