Bitcoin may become preferred currency for global trade, Citi says

In a research note released Monday, Citi said Bitcoin was at a ’tipping point’ and could become the preferred currency for global trade. ’There are a host of risks and obstacles that stand in the way of Bitcoin progress,’ the bank noted, keeping a cautious view in the near term. These developments, it noted, could act as a decider between ’mainstream acceptance or a speculative implosion.’