in Switzerland Speaking to CNBC at the “Crypto Finance Conference” held at the Crypto Finance Conference in Moritz, where “sophisticated” players from the crypto space gather to discuss potential business deals, Guido Buehler, CEO of SEBA Bank, Switzerland-based financial institution, said: He shared his Bitcoin predictions.
During an interview with CNBC, Buehler explained that asset pools at SEBA are waiting for the right time to invest. Still, they need the right parties and the necessary adjustments to use their capital. Buehler stated that BTC dominance bottoming at 40 percent is the turning point that investors are looking for.
Noting that the institutional demand for Bitcoin is increasing day by day, Buehler said that there is a possibility that the price of Bitcoin may rise to $ 75,000 in 2022.
“As SEBA Bank, our valuation model for Bitcoin currently shows a price between $50,000 and $75,000. Because we think that the BTC price will rise with the interest of institutional companies in Bitcoin. I am quite sure that we will see this level. However, it is difficult to predict just when that will happen. "
The famous CEO was also asked if Bitcoin could test the $69,000 ATH seen last November.
“I think ATH will be retested. But volatility in Bitcoin will be higher.”
Speaking at the same conference with SEBA Bank CEO Guido Buehler, Ledger CEO Pascal Gauthier also said that Bitcoin will break records again, but the rise in BTC will be through individual investors.
SEBA Bank also remains on the agenda with its positive stance towards the crypto market. The bank raised $120 million in a Series C funding round, which included FTX and Alameda Research. SEBA announced in October last year that it would soon offer its customers the opportunity to earn interest on their crypto savings. According to Buehler, who is also a crypto enthusiast, Bitcoin will "redefine" finance.