SEBA CEO forecasts Bitcoin at $75,000 by the end of 2022

The CEO of the licensed cryptocurrency bank SEBA, Guido Bühler, forecast a rise in the price of digital gold to $75,000 by the end of 2022. He announced this at the Crypto Finance event in St. Moritz, Switzerland, according to CNBC.

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\”Our internal valuation models point to a price of $50,000 to $75,000. I am quite confident we will see this level,\” he said.

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According to SEBA’s CEO, institutional investors could push the price of bitcoin higher; the question is timing.

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Bühler added that Bitcoin’s volatility would remain high, but the asset could test new record highs in 2022.

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Earlier, DoubleLine Capital’s Jeffrey Gundlach called Bitcoin too expensive in light of the looming tightening of monetary policy by the Fed and suggested waiting for the price to drop to $25,000.

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CEO of the cryptocurrency exchange Binance, Changpeng Zhao predicted explosive growth in the adoption of cryptocurrencies in 2022. He said the main drivers would be the SocialFi and GameFi sectors.

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As a reminder, on January 10 the price of bitcoin fell below $40,000, and on January 12 rose above $44,000.

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Read ForkLog’s bitcoin news on our Telegram — cryptocurrency news, prices and analysis.

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