Swiss Bank Seba Predicts Bitcoin Could Hit $75K This Year Boosted by Institutional Investors

Regulated Swiss financial institution Seba has predicted that the worth of bitcoin might attain $75Okay this 12 months. “Institutional cash will most likely drive the worth 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 worth 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).

Relating to the worth of bitcoin this 12 months, he mentioned:

We imagine the worth goes up. Our inner valuation mannequin signifies a value proper now between $50,000 and $75,000.

“I’m fairly assured we’re going to see that stage. The query is all the time 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 file highs seen final 12 months, Buehler replied: “I feel so, although volatility stays excessive.”

The Seba Financial institution boss additional defined that institutional traders will assist enhance the worth of bitcoin in 2022. He opined:

Institutional cash will most likely drive the worth up. We’re working as a totally regulated financial institution at Seba. We now have asset swimming pools which can be in search of the appropriate 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 imagine that extra regulation will enhance the worth of cryptocurrencies.

In the meantime, international funding financial institution Goldman Sachs predicted final week that the worth of bitcoin might attain $100Okay as BTC continues to take gold’s market share as a retailer of worth.

Do you agree with Seba Financial institution concerning the value of bitcoin and institutional demand? Tell us within the feedback part beneath.

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