Bitcoin May Climb to $75,000, Says Swiss Bank Chief

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The Street

By Dan Weil The cryptocurrency recently traded at $43,799, up 6%. But it is still down more than a third from its Nov. 9 record high. Advocates of bitcoin are undaunted, even as the world’s biggest digital currency continues its rollercoaster ride. Guido Buehler, CEO of Swiss Bank Seba, which focuses on cryptocurrencies, clearly is a believer, saying bitcoin is headed as high as $75,000. “Our internal valuation models indicate a price right now between $50,000 and $75,000,” he told CNBC. “I’m quite confident we are going to see that level. The question is always timing.” To be sure, he also be…

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