The CEO of the Swiss Seba Bank, Guido Buhler, believes that this year there will be a massive influx of institutional investors into the crypto market, which will make bitcoin rise in price significantly.
Banking forecasts assume bitcoin will rise to $ 75,000 in 2022, Guido Buhler said at a Crypto Finance event in St. Moritz, Switzerland.
The CEO of Seba Bank explained that institutional investors are just waiting for the right time to enter the cryptocurrency market. This will happen already in 2022, and Bitcoin will immediately double in price, Buhler is sure:
“Our internal pricing models right now point to prices ranging from $ 50,000 to $ 75,000. I’m pretty sure we’ll see this level. Institutional money can raise the price, the issue is timing. ”
When asked if Bitcoin could test last year’s record levels, Buhler said “I think so,” but added that the volatility of cryptocurrencies will remain high this year as well.
The CEO of cryptocurrency exchange OKCoin, Hong Fan, is more optimistic in his outlook. She is confident that the bitcoin rate will be able to reach the $ 100,000 mark in 2022, even despite the current market dynamics. Fidelity Investments top manager Jurrien Timmer agrees with Fan, who is confident that Bitcoin will be trading at $ 100,000 by 2023. At the same time, the CEO of Doubleline Capital Jeffrey Gundlach believes that even with the threat of an impending recession, it is impractical to buy bitcoin at the current price, you should wait for a fall to $ 25,000.
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