Last Wednesday, Guido Buehler, the CEO of Swiss bank Seba recently shared with CNBC his bank’s price prediction for bitcoin at the Crypto Finance Conference in St. Moritz, Switzerland. Seba Bank is a banking platform focusing on digital assets, and the Swiss Financial Market Supervisory Authority or FINMA licenses it.
As for the 2022 price prediction for bitcoin, Buehler states that they believe the asset’s price will grow. He mentions that the bank’s internal valuation model shows a price range between $50,000 and $75,000. He adds that he’s confident that BTC will reach those levels, but “the question is always timing.”
The CEO was then asked if their prediction pertained to bitcoin’s price in 2022 and if the popular digital asset will challenge last year’s all-time highs. To these questions, Buehler responded saying, “I think so, though volatility remains high.”
Notably, Buehler explained that they believe institutional investors will be the ones to boost bitcoin’s price this year significantly.
Last week, Mike Novogratz, the CEO of Galaxy Digital, said that his firm regularly sees immense demand for crypto from institutional investors. According to a recent survey by Nickel Digital Asset Management, institutional investors believe that the price of crypto assets will only increase through more regulation.
On the other hand, global investment bank Goldman Sachs said in last week’s prediction that bitcoin’s price could go as high as $100K. This is because BTC is still taking gold’s market share as a store of value.