Switzerland’s Seba bank predicts bitcoin’s price could reach $75K this year. According to the bank’s CEO, institutional money would likely raise the price.
Seba Bank’s Bitcoin Price Prediction
Seba Bank CEO Guido Buehler shared his bank’s prediction on where the price of bitcoin is heading with CNBC at the Crypto Finance Conference in St. Moritz, Switzerland, on Wednesday. Seba Bank is a digital assets banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA).
Regarding the price of bitcoin this year, he said:
We believe the price is going up. Our internal valuation model indicates a price right now between $50,000 and $75,000.
“I’m quite confident we are going to see that level. The question is always timing,” he noted.
When asked if his bank’s prediction refers to the price of bitcoin in 2022 and whether BTC will test some of the record highs seen last year, Buehler replied: “I think so, though volatility remains high.”
The Seba Bank boss further explained that institutional investors will help boost the price of bitcoin in 2022. He opined:
Institutional money will probably drive the price up. We are working as a fully regulated bank at Seba. We have asset pools that are looking for the right time to invest.
Last week, Galaxy Digital CEO Mike Novogratz said that his firm sees tremendous demand from institutional investors for cryptocurrency. A recent survey by Nickel Digital Asset Management found that institutional investors believe that more regulation will boost the price of cryptocurrencies.
Disclaimer: The information provided on this page
does not constitute investment advice, financial
advice, trading advice, or any other sort of advice
and it should not be treated as such. This content is
the opinion of a third party and this site does not
recommend that any specific cryptocurrency should
be bought, sold, or held, or that any crypto
investment should be made. The Crypto market is
high-risk, with high-risk and unproven projects.
Readers should do their own research and consult a
professional financial advisor before making any
Although the material contained in this website was prepared based on information from public and private sources that KavaWire.com believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and KavaWire.com expressly disclaims any liability for the accuracy and completeness of the information contained in this website.