Regulated Swiss financial institution Seba has predicted that the value of bitcoin might attain $75K this 12 months. “Institutional money will probably drive the price up,” stated the financial institution’s CEO.
Seba Bank’s Bitcoin Price Prediction
Seba Bank CEO Guido Buehler shared his financial institution’s prediction on the place the value of bitcoin is heading with CNBC on the Crypto Finance Conference in St. Moritz, Switzerland, on Wednesday. Seba Bank is a digital property banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA).
Regarding the value of bitcoin this 12 months, he stated:
We consider the value goes up. Our inner valuation mannequin signifies a value proper now between $50,000 and $75,000.
“I’m quite confident we are going to see that level. The question is always timing,” he famous.
When requested if his financial institution’s prediction refers back to the value of bitcoin in 2022 and whether or not BTC will take a look at a few of the document highs seen final 12 months, Buehler replied: “I think so, though volatility remains high.”
The Seba Bank boss additional defined that institutional traders will assist increase the value of bitcoin in 2022. He opined:
Institutional cash will in all probability drive the value up. We are working as a totally regulated financial institution at Seba. We have asset swimming pools which might be on the lookout for the best time to speculate.
Last week, Galaxy Digital CEO Mike Novogratz stated that his agency sees tremendous demand from institutional traders for cryptocurrency. A current survey by Nickel Digital Asset Management discovered that institutional traders consider that extra regulation will increase the value of cryptocurrencies.
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