Swiss bank Seba predicts Bitcoin could top $75,000 this year

Swiss bank Seba predicts that Bitcoin could top $75,000 this year. Institutional money could push prices higher, the bank's chief executive said.


Seba Bank Predicts Bitcoin Price

Seba Bank CEO Guido Buehler shared his bank’s predictions for bitcoin’s future at a crypto finance conference in St. Moritz, Switzerland, on Wednesday. Seba is a digital asset banking platform licensed in Switzerland by the Financial Market Supervisory Authority (FINMA).

He stated entering into Bitcoin price action:

We think prices will continue to rise. We internally believe that the price of Bitcoin will be between $50,000 and $75,000 this year.

"I'm pretty confident that this price level will be reached," he noted.

When asked if his bank’s view on Bitcoin breaking out to new highs in 2022, Buehler replied: “I think volatility will be high, but it will still be new highs.

Buehler said: The entry of institutional investors will push the price of bitcoin higher in 2022. he thinks:

Institutions may push prices higher. We Seba as a fully regulated bank. Our funds are also waiting for suitable investment opportunities.

Last week, Galaxy Digital CEO Mike Novogratz said his company is seeing huge demand for cryptocurrencies from institutional investors. Institutional investors believe more regulation will push up the price of cryptocurrencies, new survey data shows.

Meanwhile, Goldman Sachs predicted last week that Bitcoin is likely to hit $100,000 as it continues to take market share from gold.