Guido Buehler, CEO of Seba Bank, shared his prediction about where bitcoin’s price will go with CNBC on Wednesday at the Crypto Finance Conference, St. Moritz (Switzerland). Seba Bank, a digital asset banking platform licensed by Swiss Financial Market Supervisory Authority FINMA.
He spoke out about the bitcoin price this year.
We believe that the price will rise. Our internal valuation model suggests a price range of $50,000 to $75,000.
“I am quite certain that we will reach that level,” he said. He said that timing is the key to success.
Buehler was asked whether his prediction about bitcoin’s price in 2022 refers to Bitcoin’s value and whether BTC will surpass the record highs of last year. He replied, “I think so. But volatility remains high.”
Seba Bank’s boss explained that institutional investors would help increase bitcoin’s price in 2022. He stated:
The price will likely rise because of institutional money. Seba is a fully regulated bank. We have asset pools which are looking for the right moment to invest.
Galaxy Digital CEO Mike Novogratz stated last week that there is a huge demand for cryptocurrency from institutional investors. Nickel Digital Asset Management recently found institutional investors believe more regulation will increase the price of cryptocurrency.
Global investment bank Goldman Sachs has predicted that bitcoin’s price could hit $100K last week as Bitcoin continues its dominance as a store-of-value.