Institutional investment will boost Bitcoin to $75,000, says SEBA CEO

The CEO of Swiss-based bank SEBA Bank shared his predictions about Bitcoin in 2022. BTC bulls rejoice: Guido Buehler shared his optimism about institutional adoption, and a price rise to $75,000 per coin.

In an interview, he explained that asset pools at SEBA are always looking for the best time to invest. They need the right counterparties as well as the required regulation to be able to deploy capital.

Buehler was asked if Bitcoin (BTC), would reach new heights in 2018. He said that while he thinks it is possible, the question is always time.

Interview took place at the Crypto Finance Conference, St. Moritz, Switzerland. There, “sophisticated” players from the crypto space met to discuss possible business deals.

Ledger CEO Pascal Gauthiers thoughts on price increases are at odds with the reasons for them. Pascal Gauthier, the CEO of Ledger, agrees that BTC will reach new heights but that retail will lead the charge.

Related: Fidelity executive says Bitcoin is technically oversold. Making $40K a pivotal support

The reputation of SEBA bank as a crypto-friendly bank institution is growing. Recently, the bank completed a Series C financing round of 110 million Swiss francs ($119million). FTX and Alameda Research participated in it. The bank announced that customers will soon be able earn returns on crypto holdings in October 2017.

Buehler, himself a crypto enthusiast, said that the technology behind Bitcoin would “redefine finance.”

https://cointelegraph.com/news/institutional-investment-will-boost-bitcoin-to-75-000-says-seba-ceo