Bitcoin

SEBA Bank CEO Predicts Bitcoin Will Reach $75,000 In 2022

Guido Buehler, the Swiss bank SEBA CEO, said that Bitcoin’s price might nearly double to $75,000 this year.

According to his interview with CNBC’s Arjun Kharpal at the Crypto Finance Conference, he shared his thought: “I also agree that 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. They want, though, to have the right counterparty to make sure it’s fully regulated and a secure and trusted player. So we believe the price is going up”.

“Our internal valuation models indicate a price right now between $50,000 and $75,000,” SEBA CEO added, “I’m quite confident we are going to see that level. The question is always timing.”

After a period of continuous decline, the price of bitcoin plummeted below $40,000 on Monday. However, there have been some encouraging signals in recent days, with the Bitcoin price reaching over $43,000 on January 13th. BTC’s resurgence has been attributed to Jerome Powell’s guarantee that the Fed will boost interest rates to reduce inflation.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Victor

Recent Posts

Gate.io Launches New USDE Wealth Management Products, Pioneering a High-Yield and High-Liquidity Model

This product launch marks an innovative step forward for Gate.io in the stablecoin wealth management…

37 minutes ago

Franklin Templeton FOBXX Now Available On Ethereum

Franklin Templeton FOBXX is now available on Ethereum, extending its presence to seven blockchain networks,…

40 minutes ago

Dora Factory Vota Launch Enables Private Decentralized Governance

Dora Factory Vota Launch uses MACI technology to enable private decentralized governance and encrypted on-chain…

43 minutes ago

Bhutan Government Moves Bitcoin to Binance Exchange

Bhutan moved a significant amount of Bitcoin to Binance, likely to take profits, amid rising…

57 minutes ago

New Platform CoreFi Strategy Launched to Boost Bitcoin Returns

Canadian firm DeFi Technologies introduced the CoreFi Strategy to provide leveraged, regulated Bitcoin and CORE…

2 hours ago

10 Best Cryptocurrencies to Buy in November 2024 Before Major Bull Run Swings into Action

Cryptocurrency has come a long way since its early days. With the rise of Bitcoin…

3 hours ago

This website uses cookies.