Regulated Swiss financial institution Seba has predicted that the value of bitcoin may attain $75K this 12 months. “Institutional cash will in all probability drive the value up,” mentioned the financial institution’s CEO.
Seba Financial institution’s Bitcoin Worth Prediction
Seba Financial institution CEO Guido Buehler shared his financial institution’s prediction on the place the value of bitcoin is heading with CNBC on the Crypto Finance Convention in St. Moritz, Switzerland, on Wednesday. Seba Financial institution is a digital property banking platform licensed by the Swiss Monetary Market Supervisory Authority (FINMA).
Concerning the value of bitcoin this 12 months, he mentioned:
We consider the value goes up. Our inside valuation mannequin signifies a worth proper now between $50,000 and $75,000.
“I’m fairly assured we’re going to see that degree. The query is all the time timing,” he famous.
When requested if his financial institution’s prediction refers back to the worth of bitcoin in 2022 and whether or not BTC will take a look at among the report highs seen final 12 months, Buehler replied: “I believe so, although volatility stays excessive.”
The Seba Financial institution boss additional defined that institutional traders will assist enhance the value of bitcoin in 2022. He opined:
Institutional cash will in all probability drive the value up. We’re working as a totally regulated financial institution at Seba. Now we have asset swimming pools which might be on the lookout for the correct time to speculate.
Final week, Galaxy Digital CEO Mike Novogratz mentioned that his agency sees great demand from institutional traders for cryptocurrency. A current survey by Nickel Digital Asset Administration discovered that institutional traders consider that extra regulation will enhance the value of cryptocurrencies.
In the meantime, world funding financial institution Goldman Sachs predicted final week that the value of bitcoin may attain $100K as BTC continues to take gold’s market share as a retailer of worth.
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