Swiss Bank Seba Predicts Bitcoin Could Hit $75K This Year Boosted by Institutional Investors – Markets and Prices Bitcoin News

Seba, a Swiss regulator has forecast that bitcoin’s price could hit $75K in 2018. “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, a licensed digital asset banking platform by the Swiss Financial Market Supervisory Authority FINMA.

Concerning bitcoin’s price for this year, he stated:

The price of the property is expected to rise. We believe the price is going up. Our internal valuation model shows a current value between $50,000-$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.”

Seba Bank’s boss explained further that institutional investors would help increase bitcoin’s price in 2022. He said:

Price will rise due to institutional money. Seba operates as an fully regulated bank. Asset pools are available that allow you to make investments at the best time.

Galaxy Digital CEO Mike Novogratz stated last week that there is a lot of demand for cryptocurrency from institutional investors. Nickel Digital Asset Management recently conducted a survey and found that institutions believe more regulation will increase the value of cryptocurrency.

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.

Is Seba Bank right about bitcoin’s price? What do you think of institutional demand and the current Bitcoin price? Comment below to let us know your thoughts.

Kevin Helms

Kevin, a student of Austrian Economics and a Bitcoin evangelist since 2011, was one of the first to discover Bitcoin. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.