CEO of SEBA bank predicted an increase in the cost of BTC to $75,000

 

CEO of SEBA bank predicted an increase in the cost of BTC to $75,000

The CEO of the Swiss bank SEBA, Guido Buhler, said that the value of Bitcoin (BTC) could bitcoin loophole increase to $75,000 in 2022 because more institutional investors began to pay attention to the first cryptocurrency. The banker announced this on January 12 during the Crypto Finance conference in the Swiss city of St. Moritz.

According to Buhler, the bank's internal valuation models indicate that bitcoin will trade in a range of $50,000 to $75,000, gradually climbing higher throughout the year. The only question is when exactly the asset will reach the upper value. The price of cryptocurrency, according to the banker, will be raised by the influx of institutional money.

The financier noted that SEBA clients are also interested in investing in the cryptocurrency market. Therefore, the bank studied in detail the technology that supports digital currencies, and received permission from regulators to launch related products. Buhler is confident that the virtual asset industry will soon redistribute financial flows.

The growth of the BTC rate was also predicted by the American venture capitalist Bill Tai, who also attended the event in Switzerland. He said that he could not say exactly when bitcoin will rise in price again, but he is confident that this will happen.

At 15:44 (UTC) on January 12, Bitcon was worth $43,148. This is 2.95% higher than the day before. Trade volume for 24 hours amounted to $26.94 billion (-21.12%). The market capitalization is $816.66 billion. At the moment, 18.96 million coins have been issued out of a planned issue of 21 million.

Earlier, a Swiss bank announced the issuance of a gold-backed Gold Token (ERC-20 standard). In addition, the financial institution launched an income farming program, allowing customers to earn with Polkadot (DOT), Tezos (XTZ) and Cardano (ADA).