Bitcoin Might Reach $75,000 in 2022 on Internal Valuation Models: Swiss Bank CEO

AnalysisBitcoin Might Reach $75,000 in 2022 on Internal Valuation...



Tomiwabold Olajide

Swiss Bank CEO says internal valuation models see Bitcoin rising to $75,000 in 2022

Swiss Bank SEBA CEO Guido Buehler says his firm’s models see Bitcoin rising to $75,000 in 2022. Bitcoin presently trades up at $43,113 at press time, after a rebound from earlier lows of $39,650. Bitcoin remains down 37.49% from all-time highs of $69,000 attained on Nov. 10, 2021.

“We believe the price is going up, our internal valuation models indicate a price right now between $50,000 and $75,000, I’m quite confident we are going to see that level. The question is always timing,” the CEO told CNBC at the Crypto Finance Conference in Switzerland on Wednesday.

Asked on what might drive the Bitcoin price up, the SEBA Bank CEO says institutional investors will help to boost the price of Bitcoin in 2022.

“Institutional money will probably drive the price up,” he said. “We are working as a fully regulated bank. We have asset pools that are looking for the right times to invest.”

The CEO believes that Bitcoin could retest the $69,000 all-time high but emphasizes that volatility will remain high.

Analysts hint at Bitcoin price reversal

Cryptoanalyst Will Clemente notes, ”Bitcoin entering the Buy Zone on Dormancy Flow. This bottoming signal has only flashed 5 times before in Bitcoin’s history.”

Dormancy in this context describes the average number of days each coin transacted remained dormant, not moving. The higher the dormancy, the older the coins transacted that day are on average, and the more old hands are releasing their Bitcoins into circulation.

As bearish pressure wanes, BTC/USD pushes for a green day to justify the bullish dragonfly Doji candlestick formed on the daily chart on Jan. 10.

U.Today earlier reported on a positive sign for Bitcoin price action. Bitcoin seems to have bottomed out according to market experts, and these are zones where a candlestick with a long tail signals support.

Overall, BTC seems to be finding its footing just above the $43K zone, preserving its bullish tone.



Learn more

Latest news

The Case For Earlier Investments In Legal Diversity

Armin Salek, a Texas-based social entrepreneur, attorney, and teacher, is giving first-generation high schoolers hands-on experience using the...

Elon Musk in danger of losing world’s richest person title to Bernard Arnault

Elon Musk is in danger of losing his long-held title of world’s richest individual on Wednesday morning following...

Elrond (MultiversX) Lists on Top US Exchange Coinbase: Details

Tomiwabold Olajide EGLD trading now available to over 108 million users in over 100 countries EGLD, the native token underlying...

M&T Bank Stock Falls to Lowest Level Since 2021

M&T Bank Stock Falls to Lowest Level Since 2021 Learn more

Family And Friends Investing In Your Business? Nine Tips To Keep Things Cordial

Making your investors happy can always be a tricky task, but the situation can grow even more complex...

How FTX brass racked up a $55K debt at ‘Margaritaville’ resort in Bahamas

FTX brass and employees spent a large amount of time and money wasting away in Margaritaville — before...

Must read

The Case For Earlier Investments In Legal Diversity

Armin Salek, a Texas-based social entrepreneur, attorney, and...

Elon Musk in danger of losing world’s richest person title to Bernard Arnault

Elon Musk is in danger of losing his...

Elrond (MultiversX) Lists on Top US Exchange Coinbase: Details

Tomiwabold Olajide EGLD trading now available to over 108...

You might also likeRELATED
Recommended to you