https://ift.tt/3nmR2OT CEO of a Swiss Bank Says Bitcoin Price Could Reach $75,000 in 2022

SEBA Bank CEO Guido Buehler talked in a recent interview about his bank’s valuation model for Bitcoin.

SEBA is “a licensed and supervised Swiss bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets.”

Buehler’s comments about Bitcoin in particular and crypto in general were made during an interview on Wednesday (January 12) with CNBC’s Arjun Kharpal at the Crypto Finance Conference in St. Moritz, Switzerland.

Here is what he had to say about institutional interest in Bitcoin and how it could affect the price of Bitcoin this year:

“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 model indicates a price right now between $50,000 and $75,000. I’m quite confident. We are going to see that level. The question is always time.“

Bueler was then if he expected altcoins such as Ethereum and Solana to once again outperform Bitcoin.

He replied:

“You see some sector rotation away from Bitcoin. Domination went down to 40%, and I think that is a very important element for institutional investors right now. People go in for the directional play, but also people start to realize there are yield opportunities — particularly for the protocols that you mentioned…“

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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Featured Image by “thibaultjugain“ via Pixabay