Institutional investment will boost Bitcoin to $75,000, says SEBA CEO
The CEO of Switzerland-based financial institution SEBA Bank shared his predictions for Bitcoin (BTC) in 2022. A boon for BTC bulls, Guido Buehler was optimistic about institutional adoption and a price increase to $75,000 per coin.
He explained in an interview that at SEBA, asset pools are looking for the right time to invest; however, they need the right counterparties and the necessary regulation in order to deploy capital.
When pressed on whether Bitcoin would hit new highs this year, Buehler thinks it’s possible, “The question is always time.” He noted that with BTC dominance bottoming out at 40%, it’s a pivotal moment for investors looking for a directional play.
The interview took place at the Crypto Finance Conference in St. Moritz, Switzerland, where “sophisticated” players across the crypto space came together to discuss potential business deals.
The reasons behind price increases clash with the CEO of Ledger’s musings. At the same conference, Pascal Gauthier agreed on BTC hitting new highs, but it’ll be retail leading the charge.
SEBA bank is building a reputation as a crypto-friendly banking institution. The bank recently completed a Series C funding round of 110 million Swiss francs ($119 million) in which FTX and Alameda Research were investors. In October last year, the bank said that customers would soon be able to earn yields on their crypto holdings.
A crypto enthusiast himself, in Buehler’s words, the technology behind Bitcoin will “redefine finance.”