With Citibank telling institutional clients BTC is a six-digit moonshot and Fidelity now debunking common bitcoin concerns, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Record Levels of Negative-Yielding Debt Strengthen Case for Bitcoin: Analysts

With negative-yielding bonds at a new high, investors are looking elsewhere for returns.

Bank of England Official Balks at Shielding Banks Against Digital Currencies: Report

Deputy Governor Jon Cunliffe says protecting bank business models is not BoE’s responsibility.

Fidelity’s Crypto Arm Responds to 6 Common Bitcoin Criticisms

Fidelity Digital Assets has responded to some of bitcoin’s most frequent criticisms citing heightened interest in the cryptocurrency.

Citibank Executive Says Bitcoin Could Pass $300K by December 2021

A senior executive at U.S. financial giant Citibank has released an internal report drawing on similarities to the 1970s gold market and bitcoin.