by Rushali 
According to the analysts of U.S investment bank Citibank, bitcoin is at the defining moment in history. Either it will become the preferred currency for international trades or will face an implosion. They say that the largest cryptocurrency bitcoin is at a tipping point.
On Monday, Reuters reported that bitcoin is at the door of becoming mainstream. And it also mentioned that bitcoin has potential and it was also fueled by investments from companies like Mastercard, Tesla, MicroStrategy.
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The analysts say that there are many hurdles and obstacles in the way of bitcoins’ progress and overcoming these obstacles will prove the potential of the cryptocurrency.
They also said that bitcoins’ mainstream progress will be helped by digital currency developments like the Central bank’s digital currency.
Experts believe that the global regulators will be the main hurdle in bitcoins’ journey.
After touching its all-time high of above $58000, bitcoin has corrected itself to around $44000 yesterday.
