Swiss Financial institution Seba Predicts Bitcoin May Hit $75K This Yr Boosted by Institutional Buyers

Regulated Swiss financial institution Seba has predicted that the worth of bitcoin may attain $75K this 12 months. “Institutional cash will in all probability 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 belongings banking platform licensed by the Swiss Monetary Market Supervisory Authority (FINMA).

Concerning the worth of bitcoin this 12 months, he mentioned:

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

“I’m fairly assured we’re going to see that stage. The query is at all times 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 check a number of 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 increase the worth of bitcoin in 2022. He opined:

Institutional cash will in all probability drive the worth up. We’re working as a completely regulated financial institution at Seba. We now have asset swimming pools which might be on the lookout for the appropriate time to speculate.

Final week, Galaxy Digital CEO Mike Novogratz mentioned that his agency sees large demand from institutional traders for cryptocurrency. A current survey by Nickel Digital Asset Administration discovered that institutional traders consider that extra regulation will increase the worth of cryptocurrencies.

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

Do you agree with Seba Financial institution in regards to the worth of bitcoin and institutional demand? Tell us within the feedback part beneath.