Core Viewpoint - Citi projects modest but meaningful momentum for cryptocurrencies, specifically bitcoin and ether, heading into the new year, with price targets set for year-end 2025 and beyond [1][2]. Price Projections - For year-end 2025, Citi expects bitcoin to be priced at $133,000, slightly down from a previous forecast of $135,000, while ether is projected to rise to $4,500 from $4,300 [1]. - Bitcoin could potentially reach as high as $156,000 if equity markets rally, or drop to $83,000 under recessionary conditions. Ether's bullish case stands at $6,100, with a significantly lower bear case [2]. 12-Month Outlook - Looking ahead 12 months, Citi sets a target of $181,000 for bitcoin, driven by sustained inflows, particularly through exchange-traded funds (ETFs). Ether is expected to reach $5,400 in the same timeframe [3]. - Bitcoin is viewed as better positioned to capture new inflows due to its scale and "digital gold" narrative, while ether may benefit from staking and DeFi-linked yields [3]. Regulatory Environment - Favorable regulation, especially in the U.S., is anticipated to act as a tailwind for the cryptocurrency market, although macro risks such as recessionary pressures could pose challenges to the bullish outlook [3].

Group 1 - The S&P 500 is experiencing a significant rise, which is raising concerns about macroeconomic risks, particularly the effects of tariffs on the U.S. economy [1] - Gary Alexander has extensive experience in technology sectors, having worked on Wall Street and in Silicon Valley, and has been a contributor to Seeking Alpha since 2017 [1] - Alexander's insights are widely disseminated, being quoted in various web publications and featured on trading platforms like Robinhood [1]

Group 1 - The stock market appears complacent regarding long-term macro risks, including potential recessionary impacts from tariffs and signs of strain in the bond market [1] - Emphasis is placed on value stocks over growth stocks in the current market environment [1] - Gary Alexander has extensive experience in technology companies and has been a contributor to Seeking Alpha since 2017, providing insights into industry trends [1]

Group 1 - The article presents a perspective that views current macroeconomic risks as potential investment opportunities, particularly in the context of the S&P 500 and broader stock market [1] - It highlights concerns such as weaker consumer spending, potential issues in the bond market, and the threat of tariffs, which are largely being overlooked by the market [1] - The author, Gary Alexander, has extensive experience in technology sectors and has been involved with startups, providing insights into industry trends [1] Group 2 - The article does not provide any specific company or stock recommendations, focusing instead on general market observations and personal insights from the author [2][3]