[Speculation] Citi Examines Potential Impact of Silk Road Auction on Bitcoin Price

http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/

"Cautious prediction

Due to a number of factors and the belief that the upcoming auction has contributed to the 10% price drop since 11th June, Citi believes the bitcoin price will hit bottom during the auction"


Comments


[3 Points] Big_Daddy_Trucknutz:

Citi should know about bad investments.

http://motherboard.vice.com/read/citi-bike-is-drowning-in-debt-but-its-too-big-to-fail


[2 Points] None:

An interesting read. As a former employee I can say the best course of action is to take whatever the Citi Financial Analyst says- do the exact opposite- profit.