Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
According to the CEO of Swiss bank SEBA, Bitcoin will break new price record this year 2022 (with video).
The bank’s executive director SEBA, Guido Buehler, said that projections made by his company foresee Bitcoin to between US$50,000 and US$75,000 by 2022.
It is worth remembering that after reaching an all-time high of around USD $69,000 in November, the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. has seen its value decline in recent months. Today, when it’s 5:00 am in New York, its price is around USD $43,900 according to data from CryptoMarkets (although it increased a little bit a bit is a basic unit of information in computing. in reference to yesterday, it is far from its record price).
In this regard, the CEO of SEBA Bank says institutional investors are looking for the right time to get into cryptocurrencies That’s why he thinks the price of the coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. could reach USD $75,000 this year as more institutional investors begin to embrace it.
“We think the price is going up.” Guido Buehler told CNBC in the Crypto Finance Conference in St. Moritz, Switzerland, yesterday. These were his words:
“Our internal valuation models indicate a price at the moment between USD $50,000 and $75,000. I’m pretty sure we’re going to see that level. The question is always timing.
When asked if Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. will test the record levels seen last year, Buehler said he “believes so,” but emphasized that volatility will remain high.
This week’s price drop came as rising Treasury yields and the prospect of higher interest rates from the central bank continued to drive investors to unwind positions in risky growth-oriented assets.
Buehler said he believes institutional investors are the ones who will help drive up the price of Bitcoin en 2022.
“ Institutional money is likely to drive up the price . We are working as a fully regulated regulation is when something is controlled by a specific set of rules. bank. We have pools of assets that are looking for the right times to invest.
If you want to see the full interview you can click on the link:
More opinions about the price
He was not the only one to speak out on the issue of the current price of Bitcoin . “We have seen bitcoin behave as a risk asset on numerous occasions over the past few months.” Noelle Acheson, director of market analysis for Genesis.
“When the market an area or arena, online or offline, in which commercial dealings are conducted. gets nervous, Bitcoin goes down. We’ve seen several indications that market sentiment the sentiment is the overall mood and attitude of traders and investors in regard to a particular asset or the whole market. is somewhat spooked by the 10-year rise; that’s not good for any asset that has high volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. in cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. flows. Unlike many assets, Bitcoin is liquid and therefore can withstand more selling pressure without taking a big hit.”
As for the SEBA CEO’s position on institutional investment as the primary driver of the surge, Pascal Gauthier, CEO of cryptocurrency wallet a place where cryptocurrency users can store, send and receive digital assets. Ledger, told CNBC at the same conference that he believes that currently there is a “retail trend” en Bitcoin.
“They’re relying more and more on Bitcoin and it’s really people that will drive the price up.” dijo.
Separately, California venture capitalist Bill Tai told CNBC yesterday from Switzerland that there is “another wobble” in the cryptomarket.
“No sé cuándo volverá a subir, pero volverá a subir” , dijo.
He added that cryptocurrencies are at the crux of institutional acceptance.
The bank SEBA is building a reputation as a cryptocurrency-friendly banking institution. For example, in December 2021 launched the first regulated token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. in Switzerland that can be exchanged for physical gold. . Also, in September approved a crypto custodian a custodian is responsible for safely holding assets for an institution or individual for a variety of purposes. license to such entity. .
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