The Swiss banking entity Seba Bank, predicted through its CEO, that the price of bitcoin could finally reach the expected $ 75,000 this year.
Guido Buehler, CEO of Seba Bank, shared this week at the Crypto Finance Conference in St. Moritz, his bank’s prediction of where the price of bitcoin is headed in 2022.
“We think the price is going to go up. Our internal pricing model indicates a price right now between $ 50,000 and $ 75,000. I’m pretty sure we’re going to see that level. The question is always the moment.
Seba Bank is a digital asset banking platform authorized by the Swiss Financial Market Supervisory Authority (FINMA).
Buehler further explained that institutional investors will help drive the price of bitcoin in 2022:
Institutional money will likely drive up the price. At Seba we work as a fully regulated bank. We have groups of assets that are looking for the right time to invest.
Regarding when the price of bitcoin would touch USD 75K and if BTC will test its all-time highs this year, Buehler responded, despite the high volatility that the price of bitcoin is experiencing, those figures will be reached during the current year.
In this regard, Mike Novogratz, CEO of Galaxy Digital, stated last week that his company sees a huge demand for cryptocurrencies from institutional investors, while a recent survey by Nickel Digital Asset Management revealed that institutional investors believe that a greater Regulation will drive the price of cryptocurrencies.
For its part, global investment bank Goldman Sachs predicted last week that the price of bitcoin could hit $ 100,000 by 2022 as BTC continues to snatch its market share from gold as a store of value.