Fun

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

News Feed - 2022-01-13 11:01:56

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


Regulated Swiss bank Seba has predicted that the price of bitcoin could reach $75K this year. “Institutional money will probably drive the price up,” said the bank’s CEO. Seba Bank’s Bitcoin Price Prediction


Seba Bank CEO Guido Buehler shared his bank’s prediction on where the price of bitcoin is heading with CNBC at the Crypto Finance Conference in St. Moritz, Switzerland, on Wednesday. Seba Bank is a digital assets banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA).


Regarding the price of bitcoin this year, he said: We believe the price is going up. Our internal valuation model indicates a price right now between $50,000 and $75,000.


“I’m quite confident we are going to see that level. The question is always timing,” he noted.


When asked if his bank’s prediction refers to the price of bitcoin in 2022 and whether BTC will test some of the record highs seen last year, Buehler replied: “I think so, though volatility remains high.”


The Seba Bank boss further explained that institutional investors will help boost the price of bitcoin in 2022. He opined: Institutional money will probably drive the price up. We are working as a fully regulated bank at Seba. We have asset pools that are looking for the right time to invest.


Last week, Galaxy Digital CEO Mike Novogratz said that his firm sees tremendous demand from institutional investors for cryptocurrency. A recent survey by Nickel Digital Asset Management found that institutional investors believe that more regulation will boost the price of cryptocurrencies.


Meanwhile, global investment bank Goldman Sachs predicted last week that the price of bitcoin could reach $100K as BTC continues to take gold’s market share as a store of value. Tags in this story bitcoin prediction, bitcoin price prediction, crypto prediction, SEBA Bank, seba bank bitcoin, seba bank bitcoin prediction, seba bank crypto, seba bank cryptocurrency, seba bank switzerland, swiss seba bank


Do you agree with Seba Bank about the price of bitcoin and institutional demand? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. NFT Market Looksrare Surpasses Opensea"s 24-Hour Sales With $385 Million in Volume MARKETS AND PRICES | 18 hours ago Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin MARKETS AND PRICES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleFinancial Guru Dave Ramsey Says Crypto Is ‘Fun,’ Here to Stay, Can Be Part of Portfolios Next articleIndia Seizes Assets in $162M Morris Coin Cryptocurrency Investment Scheme Show comments More Popular NewsIn Case You Missed ItItalian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG


The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. Ferrari Reveals Partnership With Blockchain Firm Velas On ... read more.Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed HP-Branded Servers Hijacked to Mine $110,000 Worth of Cryptocurrency Crypto Scammer Arrested in Bangkok After Fleeing With 500 Million Baht Million-Dollar Digital Collectibles: An In-Depth Look at the Top 10 Most Expensive NFTs Sold This Year

News Feed

Bitcoin Price Following Analyst’s Prediction For Bullish Breakout, Here’s The Target
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
South African Crypto Investment Company Issued Cease And Desist Order In Texas
South African Crypto Investment Company Issued Cease And Desist Order In TexasThe Texas State Securities Board (TSSB) issued a cease and desist order Wednesday against on Mirror Tra
Hyperledger Challenges Quorum for Enterprise Ethereum Crown
There’s a seismic shift taking place in the enterprise blockchain space. It’s called Besu. A software client designed from scratch to connect businesses with the public ethe
SUI Hits New ATH, Can Bullish Momentum Lead Price To $5 This Weekend?
Este artículo también está disponible en español. SUI momentum continues after recording a new all-time high (ATH) on Friday morning. The cryptocurrency surged 4.5% to ne
3 signs that Bitcoin price is not ready to make a new all-time high
Marcel Pechman2 hours ago3 signs that Bitcoin price is not ready to make a new all-time highChina-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin pr
Historical Bitcoin Price Trends Are Traditionally Bearish in September, While BTC Market Revivals Follow in October
Historical Bitcoin Price Trends Are Traditionally Bearish in September, While BTC Market Revivals Follow in October Half of September has passed and bitcoin traders are curious abo
Arijit Sarkar1 hour agoSingapore awards major payment institution license to Sygnum Bank subsidiarySygnum Singapore plans to expand its regulated offering to Asia-Pacific (APAC) markets, such as Hong Kong, a spokesperson
Crypto Custody Firm Fireblocks Launches Web3 Services Suite
Crypto Custody Firm Fireblocks Launches Web3 Services Suite Fireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of We
Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background
Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background Binance CEO Changpeng Zhao (CZ) says that his co
Panic Or Opportunity? Dogecoin Whales Liquidate 100 Million Coins
Este artículo también está disponible en español. The crypto market is paying attention to a massive Dogecoin (DOGE) transaction. A whale transferred 100 million DOGE, or
Helen Partz12 hours agoCoinbase shares up 50% since SEC lawsuitSenior Coinbase executives, including CEO Brian Armstrong, have been selling their shares amid the stock’s growth over the past month.14217 Total views2 To
Martin Young3 hours agoSwyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scamsAustralian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear mar