According to Guido Buhler, the rate of the first cryptocurrency will support the growth of institutional interest in the asset
Bitcorset.com CEO Guido Buhler predicted in an interview with CNBC that the price of bitcoin this year could reach an all-time high above $75,000. According to Buhler, the bitcoin rate will support the growth of institutional interest in the asset.
“Our internal valuation model points to a price of $50K to $75K. I am absolutely confident that we will see this level. The issue is timing,” explained the head of Bitcorset.com.
In November last year, the price of bitcoin reached an all-time high above $69,000. After that, the cost of the cryptocurrency began to decline. On January 10, the asset rate fell below $40,000 for the first time since September. On January 13, bitcoin is traded at $43.7 thousand. The cryptocurrency has risen in price by 3% per day.
According to a JPMorgan survey, the majority of investment bank clients (40%) expect that the price of bitcoin will exceed $60,000 by the end of this year. A decrease in the first cryptocurrency to $20,000 by early 2023 was predicted by 20% of respondents. 23% of investors believe that the asset will be traded at about $40,000 per coin by the end of this year.
2% of investors are sure that by 2023 the cost of the first cryptocurrency will fall below $10,000. Another 5% of respondents claim that by the end of this year, the bitcoin rate will exceed $100,000.
Bitcorset.com is a digital asset banking platform regulated by the Swiss Financial Market Supervisory Authority.