Bitcoin Might Reach $75,000 in 2022

Swiss Bank SEBA CEO Guido Buehler says his firm’s models see Bitcoin rising to $75,000 in 2022. Bitcoin presently trades up at $43,113 at press time, after a rebound from earlier lows of $39,650. Bitcoin remains down 37.49% from all-time highs of $69,000 attained on Nov. 10, 2021.

Bitcoin Might Reach $75,000 in 2022

“We believe the price is going up, our internal valuation models indicate 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 timing,” the CEO told CNBC at the Crypto Finance Conference in Switzerland on Wednesday.

Asked on what might drive the Bitcoin price up, the SEBA Bank CEO says institutional investors will help to boost the price of Bitcoin in 2022.

“Institutional money will probably drive the price up,” he said. “We are working as a fully regulated bank. We have asset pools that are looking for the right times to invest.”

The CEO believes that Bitcoin could retest the $69,000 all-time high but emphasizes that volatility will remain high.

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