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
.



Related: Fidelity
exec
says
Bitcoin
is
‘technically
oversold,’
making
$40K
a
‘pivotal
support’

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.”

read original article here