Coinbase: 75% of institutions see BTC as undervalued despite AI hacking risks

Despite the emergence of AI models like Anthropic's Claude Mythos that can automatically detect and exploit security vulnerabilities—a risk to the crypto market highlighted by DL News—75% of institutional investors still view Bitcoin (BTC) as an undervalued asset, according to Coinbase. David Duong, Head of Institutional Research at Coinbase, acknowledged that this type of AI could target weaknesses across protocols, exchanges, and infrastructure. However, he added that while the outlook for the next quarter is neutral, there are early signs of the market forming a bottom. BTC is currently trading at around $77,000, down approximately 40% from its October high.