In a recently-released report, investment banking company Citigroup said Bitcoin could be on the verge of going mainstream. Specifically, the fourth-largest US-based bank by assets said that Bitcoin is positioned where it “could be at the start of a massive transformation of cryptocurrency into the mainstream.”
In the report, Citigroup’s Global Perspectives & Solutions division postulated that Bitcoin plays a significant role in global payments. According to Citigroup researchers, Bitcoin is positioned to be the most preferred currency for global transactions. The researchers noted some of the token’s features, which provide an advantage in global trade. Some of the features include its decentralization as well as its deflationary and secured nature. In the report, Citigroup explained:
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