Bitcoin Could Smash Highs At 75,000 This Year, Says This Expert By Investing.com


© Reuters.

By Laura Sánchez

Investing.com – The price of could nearly double to $ 75,000 this year as more institutional investors will start betting on the world’s most popular cryptocurrency, according to Guido Buehler, CEO of Swiss bank Seba.

“We think the price is going up,” Buehler told CNBC this Wednesday. “Our internal valuation models indicate a price at this time between 50,000 and 75,000. I’m pretty sure we’re going to see that level. The question is always time ”, adds the manager.

After hitting an all-time high of $ 69,000 in November, Bitcoin has lost great value in recent months. Its price fell below 40,000 at some points in the price of last Monday, which placed it near September lows.

Buehler believes that crypto will hit the highs of last year, although he warns that volatility will remain high.

This week’s price drop comes as rising Treasury yields, and the prospect of higher interest rates from the Fed, continue to prompt investors to ditch positions in growth-oriented risk assets.

Read also:

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

About Admin

Check Also

Financial markets crash and the value of cryptocurrencies sinks

By Hannah Miao, Yun Li, Bryan Logan and Jessica Bursztynsky – NBCnews Financial markets fell …

Leave a Reply

Your email address will not be published. Required fields are marked *